*HMO INVESTMENT PROPERTY- BTL PURCHASERS ONLY*GUIDE PRICE £600,000 to £650,000***
We are delighted to offer to the market this well-presented 6-bedroom terraced HMO house on Holbrook Road, London ideal for investment.
The property offers a well-adapted layout, offering spacious and comfortable accommodation, suitable for investment purposes.
The property is set over three floors with accommodation briefly comprising; on the ground floor there is a spacious kitchen that is fully equipped with fittings and appliances. Following on from the kitchen there is a front facing living room and a dining room both with en-suite bathrooms currently both being used as double bedrooms.
Stairs lead up to the first floor of the property which consists of a further three double bedrooms with space for extra storage and 2 shower rooms with modern 3-piece suits and shower cubicles. On the second floor of the property there are an additional two double bedrooms and a single bedroom.
Externally there is an enclosed rear garden ideal for outdoor seating.
The property is located in London close to local amenities and shops. Located within walking distance of the property is Abbey Road tube station which provides services to destinations such as Woolwich Arsenal and Stratford International.
The property is currently rented by 5 tenants on rolling contracts for £3975 per month not including bills giving an annual income of £47,700 giving a 7.34% yield. The property is being sold to include tenants, contents, and contracts.
Viewing is highly recommended to appreciate the investment opportunity on offer.
Agent Details
Sold.co.uk, London
020 3840 3803
Next Steps?
This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪
Cashflows
Cash In
Deposit (25%)
£150,000
Stamp duty & legals
£36,700
Total cash in
£186,700
Cash Out
Room rate
£906
Gross rent
£5,436
Running costs/mo
£3,788
Cashflow/mo
£1,648
Cashflow/yr
£19,776
ROI
11%
Gross yield
11%
Stats
Population in E15
52,244
Population in London
4,771,921
Town centre distance
5.08 miles away
Nearest school
0.20 miles away
Nearest train station
0.28 miles away
Rental demand
Landlord's market
Rental growth (12m)
-27%
Sales demand
Buyer's market
Capital growth (5yrs)
+4%
Sold prices
£216K - £4.3M
Sold prices/m²
£1,459/m² - £12,935/m²
Square metres
~186 m²
Price/m²
£3,226/m²
Value estimate
£732,000
BMV
22%
Local Sold Prices
23 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£1.0M
06/22
0.84 mi
35, Margery Park Road, London, Greater London E7 9LA
-
-
6
Detached House
£998K
10/22
1.03 mi
59, Earlham Grove, London, Greater London E7 9AN
£9,505
105
6
Semi-Detached House
£575K
12/20
1.11 mi
121, Whyteville Road, London, Greater London E7 9LS
£3,662
157
6
Terraced House
£888K
02/20
1.28 mi
32, Claremont Road, London, Greater London E7 0QB
£4,332
205
6
Terraced House
£1.3M
06/23
1.28 mi
32, Claremont Road, London, Greater London E7 0QB
£6,473
205
6
Detached House
£982.5K
11/20
1.32 mi
58, Hampton Road, London, Greater London E7 0PB
£5,171
190
6
Terraced House
£1.1M
01/23
1.47 mi
88, Hampton Road, Forest Gate, London, Greater London E7 0NU
-
-
6
Detached House
£4.3M
04/22
1.48 mi
Lock Cottage, Dace Road, London, Greater London E3 2NN
-
-
6
Detached House
£570K
05/20
1.98 mi
26, Jade Close, London, Greater London E16 3TY
£4,672
122
6
Detached House
£1.0M
10/22
2.02 mi
13, Gladding Road, London, Greater London E12 5DD
£5,988
167
6
Semi-Detached House
£1.7M
12/22
2.3 mi
75, Blake Hall Road, Wanstead, London, Greater London E11 3QX
£6,144
271
6
Semi-Detached House
£2.6M
09/20
2.46 mi
89, Gore Road, London, Greater London E9 7HW
£12,935
201
6
Terraced House
£765K
05/21
2.62 mi
30, Kings Road, Leytonstone, London, Greater London E11 1AT
£6,770
113
6
Terraced House
£1.8M
03/23
2.66 mi
54, Overton Drive, London, Greater London E11 2NJ
£8,411
214
6
Semi-Detached House
£1.1M
12/22
2.71 mi
18, Blake Hall Road, Wanstead, London, Greater London E11 2QD
£9,591
115
6
Terraced House
£1.0M
11/20
2.74 mi
43, Forest Drive West, London, Greater London E11 1JZ
£7,460
137
6
Terraced House
£216K
05/23
2.83 mi
58, Victoria Road, Barking, Greater London IG11 8PY
£1,459
148
6
Terraced House
£2.6M
04/21
2.83 mi
21, St Marys Avenue, London, Greater London E11 2NR
-
-
6
Detached House
£1.6M
06/21
2.83 mi
17, St Marys Avenue, London, Greater London E11 2NR
£10,537
149
6
Detached House
£1.2M
01/21
2.88 mi
2, Draycot Road, Wanstead, London, Greater London E11 2NU
£5,087
231
6
Semi-Detached House
£996K
07/20
2.89 mi
15, Langley Drive, London, Greater London E11 2LN
£5,859
170
6
Semi-Detached House
£1.4M
12/20
2.96 mi
15, Warren Road, Wanstead, London, Greater London E11 2LX