8 Bed HMO, London, NW9 8AJ, £800,000

Stewart Close, Kingsbury, LONDON, NW9 8AJ - 10 views - 6 months ago

HMO
ROI: 8%
~248 m²
+3 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Total Cash In

£252,700

 

 

Cash Out

 

Room Rate

£819

Gross Rent

£6,552

Running Costs/mo

£4,891

Cashflow/mo

£1,661

Cashflow/yr

£19,927

ROI

8%

Gross Yield

10%













Property History

Listed for £800,000

September 19, 2024

Floor Plans

Description

  • Semi-Detached +
  • Cul-De-Sac Location +
  • Eight Bedrooms (Two Ground Floor) +
  • Freehold +
  • Currently holds a HMO Licence +
  • Ground Floor W.C. +
  • Lounge +
  • Kitchen/Diner +
  • Bathroom & Shower Room (First Floor) +
  • Off Street Parking +

Sited within a cul-de-sac, this property presents versatile living space which is presently arranged to offer eight bedrooms (two ground floor) and comes with a current HMO Licence.

Having been altered from its original design, this semi-detached residence is arranged to offer substantial living space which could be enticing to the growing or larger family. Furthermore, the property currently has an HMO Licence valid until 6th January 2030.
The property is positioned within a cul-de-sac sited in a popular and family orientated area due to the locality of Fryent Primary School, bus routes and local amenities on Church Lane, all of which are within quarter of a mile.
Benefiting from off road parking facilities to the front garden, the ground floor of this home is arranged to provide two ground floor bedrooms, one of which has bi-folding doors leading through to a dressing/storage area, a w.c., a good-sized kitchen/diner measuring 17'9" x 14'7" featuring a peninsula unit and supplying plenty of cupboard storage with double doors opening out to the rear garden and an additional set of double doors leading through to the lounge. There are double glazed sliding patio doors in the lounge offering further access to the sizeable garden (88'0" x 25'0") which delivers an appealing outdoor space for children to play in and entertaining family and friends with patio and lawn areas.
The first floor accommodates six bedrooms, a family bathroom and a separate shower room.
There is a wide variety of local amenities surrounding Stewart Close (all quarter of a mile to a mile radius) such as various eateries, medical/dental practices and places of worship together with Silver Jubilee Park, West Hendon Playing Fields with leisure and sporting facilities as well as a children's playground and the open fields at Fryent Country Park with rambling pathways, scenic views and a horse stable. Wembley Park is within two miles of the property where the London Designer Outlet can be found housing a vast range of High Street shops, restaurants, children’s playground and its own cinema complex together with a number of local shopping amenities in addition to Brent Civic Centre, Boxpark, Wembley Stadium and SSE Arena. Wembley Park Tube Station runs on the Metropolitan and Jubilee Lines and there is the option of Kingsbury’s Jubilee Line which is within a mile at Kingsbury Town's Centre and could make this property appealing to those needing to commute to Central London or perhaps taking in the many wonderful attractions our Capital City has to offer.

Agent Details

Andrews Estate Agents, Kingsbury

020 3835 6325

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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