Investment Consideration:
Rental Income: £55,440 p.a.
ERV: £65,940 p.a. GIY: 9.42%
VAT is NOT applicable to this property
Comprises end-of-terrace house with rear garden, arranged as a 6-bed HMO
Situated within 5 min walk from Harrow & Wealdstone Station, which serves Underground, Overground and National Rail, providing direct and regular services to Watford (7min), London Euston (15min), Birmingham (1:30h) and more.
Property Description:
Comprises end-of-terrace 6-bedroom HMO with benefit of rear garden, providing the following accommodation and dimensions:
Ground Floor: 52.60 sq m (566 sq ft)
3 double rooms (en-suite)
First Floor: 39.70 sq m (427 sq ft)
2 double rooms (en-suite), kitchen
Second Floor: 21.10 sq m (227 sq ft)
1 double room (en-suite)
Total GIA: 113.40 sq m (1,220 sq ft)
Tenancy:
Room 1 is at present let on AST to an Individual for a term commencing on 29th April 2022 at a current rent of £10,500 p.a. Deposit held of £875.
Room 2 is at present let on AST to an Individual for a term of 6 Months from 1st January 2024 at a current rent of £11,400 p.a. Deposit held of £950.
Room 3 is at present let on AST to an Individual for a term of 3 Months from 21st June 2023 at a current rent of £10,740 p.a. Deposit held of £895.
Room 4 is at present let on AST to an Individual for a term of 12 Months from 1st December 2023 at a current rent of £11,400 p.a. Deposit held of £895.
Room 6 is at present let on AST to an Individual for a term of 6 Months from 30th April 2023 at a current rent of £11,400 p.a. Deposit held of £950.
Room 5 is at present vacant. ERV: £10,500 p.a.
Location:
Harrow is an affluent suburban town located 11 miles north-west of Central London and 6 miles south-east of Watford. The property is situated within 5 min walk from Harrow & Wealdstone Station, which serves Underground, Overground and National Rail, providing direct and regular services to Watford (7min), London Euston (15min), Birmingham (1:30h) and more. Occupiers nearby include Asda Superstore, Poundland, Boots, Anytime Fitness, Costa Coffee and Iceland, amongst others.
