5 bedroom house for sale

8% + Yield ... Freehold income producing HMO investment for sale comprising 5 double rooms and a self contained studio flat.
Scope to enhance rents and possible re development / re configuration

Description - Freehold income producing investment for sale comprises end terrace freehold house (no garden) which has been extended into the roof space and converted into a 5 bedroom HMO + self contained studio flat

The condition is good / basic and would benefit from a further extension and re configuration to maximise the potential income

Ground floor: Communal lounge, kitchen, Utility room, room 1

First floor: 4 x rooms, bathroom + WC, Shower room + WC

Second floor: self contained studio flat with shower room

Location - The property is situated on a residential road just 30 seconds off the High Street and offers immediate access to a number of shops, restaurants and transport links making this a real hot spot for renters

The property would attract not only locals but City workers with Northern Line access needed and staff from St Georges Hospital which only a 5 minute walk away

Nearest Stations

Colliers Wood Underground (northern Line) 0.4 miles

Tooting British Rail Station (Thameslink) 0.8 miles

Nearby Places

Tooting Broadway 0.5 miles

Wimbledon 1 mile

Income - The rooms are let on ASTs and fully compliant with Gas certs, EICR, How to Rent guides and EPCs provided to tenants

Tenants rent includes all bills and the approximate outgoings for the landlord is £1,900 per quarter - All tenancies are currently periodic - 2 rooms are vacant for viewing purposes

Current income : £56,052 p/a
Projected income : £65,700p/a

Planning - Subject to the relevant consents it is felt that an additional floor could be added to the property and re configured creating additional space / income

Terms - Guide Price £750,000 Freehold

The property is to be sold with all tenants in situ

Viewings - Contact sole agents Christopher St James[use Contact Agent Button]