3 bed Flat For Sale £800,000
Barmouth Road, London SW18

This is an investment opportunity to purchase a 3-bed HMO in London generating £40,800 rent pa & gross yield of 5.1%.

Leasehold information

• Length of lease: 999 years
• Year lease started: 2014
• Service charge: Ad hoc
• Ground rent: N/a

Property information

• Fully tenanted HMO
• Split over 3 floors
• Large kitchen/dining room
• Shared living room with access to private roof terrace
• The roof terrace is west facing
• Underfloor heating installed in both bathrooms
• The main bedroom is an ensuite
• EPC rating D

Rental income

• Room 1 - £1,075 pcm
• Room 2 - £1,075 pcm
• Room 3 - £1,250 pcm
• Total rent pcm: £3,400
• Total rent pa: £40,800

The landlord informs us that the cleaner didn't work during the lockdown and the rent was therefore reduced by £140 pcm.

Running costs

The vendor informed us that the running costs include:

• Gas & electricity
• Water
• Council tax
• Weekly cleaner

Location information

• The property is within walking distance of both Wandsworth Common and King George's Park.
• A locally-owned coffee shop and convenience store are located on the property's road.
• Garratt Lane is a short walk from the property offering a number of shops and eateries.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.