4 bed Flat For Sale, Holland Road, London W14

Description

This is an investment opportunity to purchase a HMO apartment in London generating £37,920 rent pa & gross yield of 4.5%.

Share of freehold information

Length of lease: 999 years
Year lease started: 2007

Property information

HMO licence for up to 6 people in 4 bedrooms
One reception room is currently used as a bedroom
Shared kitchen
Shared bathroom
There is also a small office which is rented separately
EPC rating D

Rental information

All tenants are on a 12 month AST agreement with a 6-month break clause.

Room 1 - £710 pcm - let since August 2020
Room 2 - £800 pcm - let since November 2020; can achieve £950 for 2 people
Room 3 - £850 pcm - let since April 2020; can achieve £1,100 for 2 people
Room 4 - £650 pcm - let since November 2020
Office - £150 pcm - let separately
Total rent once fully let pcm: £3,160
Total rent once fully let pa: £37,920

Running costs

We are awaiting the following running costs of this property from the vendor:

Electricity: Tbc
Water: Tbc
Council tax: Tbc
TV licence: Tbc
Broadband: Tbc
Cleaner: Tbc
Total cost pcm: Tbc
Total cost pa: Tbc

Location information

Shepherds Bush underground station is less than 10 minutes walk away
Westfield White City with its shops and restaurant is also within a 10-minute walk of the property
The park in Holland Park and Kensington (Olympia) station are both around half a mile from the property

Note

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

Follow the link for more information:

        
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4 bed Flat For Sale £850,000 Holland Road, London W14

4 bed Flat For Sale £850,000
Holland Road, London W14