Alojamiento
The property provides the following approximate floor areas:
Planta baja | 42.0 sq m | 453 sq ft |
Primer piso | 42.0 sq m | 453 sq ft |
Segunda planta | 42.0 sq m | 453 sq ft |
Tercer piso | 26.0 sq m | 279 pies cuadrados |
Total | 152.1 sq m | 1,637 sq ft |
Un conjunto de planos de planta está disponible para descargar.
Tenencia
Propiedad vitalicia.
Tenencia
The rooms are let to working professional tenants as follows:
Alojamiento | Descripción | Fecha de inicio | Term | Rent pcm |
Room 1, First Floor | Double, en-suite | 3rd July 2024 | 6 months | £970.00 |
Room 2, First Floor | Double, en-suite | 15th Aug 2024 | 6 months | £1,050.00 |
Room 3, Second Floor | Double | 5th July 2024 | 6 months | £1,050.00 |
Room 4, Second Floor | Double | 13th Sept 2024 | 6 months | £850.00* |
Room 5, Third Floor | Double, en-suite & kitchenette | 18th June 2024 | 6 months | £1,200.00 |
*This room is let at a reduced rate as the tenant uses the WC/shower room on the ground floor.
Total Monthly Income | £5,120 pcm |
Total Annual Income | £61,440 per annum |
The Landlord currently pays the following monthly expenses:
Expenditure | Amount Pcm | Amount PA |
Utilities (EDF) | £428.00 | £5,136.00 |
Broadband | £28.00 | £336.00 |
Cargos de agua | £63.00 | £756.00 |
Council Tax (Band F) | £300.00 | £3,600.00 |
Building Insurance | £60.00 | £720.00 |
Television Licence | £15.00 | £180.00 |
Cleaner | £180.00 | £2,160.00 |
Total | £1,074.00 | £12,888.00 |
The property is currently managed by Leafy Estates at a charge of 8% of the monthly rent plus VAT (£410.00pcm / £4,915.20pa + VAT). However, a purchaser is not tied into this management agreement and can opt to self-manage to save management fees.
Como resultado, el ingreso neto para un inversionista es actualmente £43,637 per annum.
Development Potential
The property offers potential for extension and development over the rear garden area to create additional space, subject to obtaining the necessary planning consents. The adjoining properties have been extended in such a manner, as can be seen in the photo gallery.
There is also an opportunity to convert the property back into a single-family home.
Evidencia de ventas
The investment value is underpinned by the vacant possession value, as evidenced by the following sales:
DIRECCIÓN | Descripción | Fecha | Precio |
81 Mount Drive, Harrow, HA2 7RW | 3-bed, 1-bath 155 sq m (1,668 sq ft) | 24 de junio | £782,000 / £468 per sq ft |
48 Lankers Drive, Harrow, HA2 7PB | 3-bed, 1-bath 111 sq m (1,195 sq ft) | Apr-24 | £760,000 / £635 per sq ft |
69 Blenheim Road, Harrow, HA2 7AQ | 5-bed, 2-bath | Feb-24 | £790,000 |
1 Meadow View, Harrow, HA1 3DN | 4-bed, 3-bath 140 sq m (1,507 sq ft) | Jan-24 | £840,000 / £557 per sq ft |
83 West Street, Harrow, HA1 3EL | 4-bed 123 sq m (1,324 sq ft) | Oct-23 | £825,000 / £623 per sq ft |
IVA
IVA no aplicable.
Propuesta
Se nos instruye a buscar una figura de £ 750,000 (Seven Hundred and Fifty Thousand Pounds), subject to contract, reflecting a gross yield of 8.2% and a capital value of £458 per sq ft.
Please note that a purchaser will be re-charged the costs of the searches (£600 + VAT) which are provided in the data room.
Tenga en cuenta que al comprador se le cobrará una tarifa de transacción de 1.0% del precio de compra más IVA.
Consideraciones de inversión
An opportunity to acquire a residential HMO investment opportunity;
Ubicado en un distrito próspero de Londres;
A large 5-bedroom property arranged over ground and three upper floors with parking;
The property is fully let, subject to five Assured Shorthold Tenancies (AST?s);
Producing a total gross income of £61,440 per annum;
Potential to extend the property at the rear, subject to obtaining the necessary planning consents;
Potential to convert the property back into a single-family home;
Una compra al precio solicitado refleja un rendimiento inicial neto atractivo;
The investment value is underpinned by the vacant possession value;
Tamaño de lote atractivo para un inversionista;