Hébergement
The property provides the following approximate floor areas:
Rez-de-chaussée | 42.0 sq m | 453 sq ft |
Premier étage | 42.0 sq m | 453 sq ft |
Deuxième étage | 42.0 sq m | 453 sq ft |
Troisième étage | 26.0 sq m | 279 pieds carrés |
Total | 152.1 sq m | 1,637 sq ft |
Un ensemble de plans d'étage est disponible en téléchargement.
Mandat
Pleine propriété.
Location
The rooms are let to working professional tenants as follows:
Hébergement | Description | Date de début | 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 |
Frais d'eau | £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.
En conséquence, le revenu net d'un investisseur est actuellement £43,637 per annum.
Potentiel de développement
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.
Preuve de vente
The investment value is underpinned by the vacant possession value, as evidenced by the following sales:
Adresse | Description | Date | Prix |
81 Mount Drive, Harrow, HA2 7RW | 3-bed, 1-bath 155 sq m (1,668 sq ft) | 24 juin | £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 |
T.V.A.
La TVA n'est pas applicable.
Proposition
On nous demande de chercher un chiffre 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.
Veuillez noter qu'un acheteur se verra facturer des frais de transaction de 1,01 TP3T du prix d'achat plus la TVA.
Considérations d'investissement
An opportunity to acquire a residential HMO investment opportunity;
Situé dans un quartier aisé 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;
Un achat au prix demandé reflète un rendement initial net attractif ;
The investment value is underpinned by the vacant possession value;
Grandeur de terrain attrayante pour un investisseur;