3 bed Flat For Sale £475,000
Axminster Road, London N7

This is an investment opportunity to purchase a HMO apartment in London generating £33,420 rent pa & gross yield of 7%.

Leasehold information

• Length of lease: 125 years
• Year lease started: 1988

Property information

• Located on the 3rd floor
• Shared kitchen
• Shared bathroom & extra WC
• Reception room is currently used as additional bedroom
• Balcony leading off reception room
• The apartment was fully refurbished in 2016, see for details below
• EPC rating D
• Property is located in equal distance to Finsbury Park and Holloway underground stations
• 360° video walkthrough available for this property

Rental information

• Fully let
• Current monthly rental income £2,785
• Prior to the pandemic, in February 2020, the property achieved £3,125 pcm

Running costs

The vendor provided us with the following running costs of this property:

• Council tax: £119 pcm
• Gas & electric bill: £85 pcm
• Water bill: £38 pcm
• Internet & TV licence: £40 pcm
• Total cost pcm: £282
• Total cost pa: £3,384

Refurbishment information

• The property was fully refurbished in 2016 and works included:
  
  • New high gloss white kitchen including new appliances
  • New 3 piece full shower room including new WC
  • High-quality thick wood flooring throughout the apartment
  • New electrical wiring
  • New lighting
  • New internal doors
  • New plastering and paint throughout
  
  
• In 2020 a new consumer electrical unit was installed
• A new eicr report was also completed

Note

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