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5 bedroom house for sale
Key information
Property description & features
- Tenure: Freehold
- Freehold Investment
- Income producing
- Close to Colliers Wood Underground ( Northern Line )
- Potential to reconfigure and increase income
- 5 x bed HMO
- Great Location
- Contact Sole Agents
- Viewings Available
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]
Property information from this agent
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Property reference 32348865. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Christopher St James - Colliers Wood.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 23, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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