6 Bed HMO, Romford, RM3 8XS, £390,000

Myrtle Road, Romford, RM3 8XS - 24 views - 4 months ago

Sold STC
HMO
ROI: 17%
~186 m²
+5 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Room Rate

£758

Gross Rent

£4,548

Running Costs/mo

£2,871

Cashflow/mo

£1,677

Cashflow/yr

£20,122

ROI

17%

Gross Yield

14%













Property History

Listed for £390,000

October 29, 2024

Sold for £160,000

2006

Sold for £128,000

2003

Sold for £84,000

2001

Floor Plans

Description

  • EPC RATING TBC +
  • Six bedrooms +
  • Kitchen +
  • Bathroom +
  • Two shower rooms +
  • Off street parking +
  • CHAIN FREE +
  • CURRENTLY USED AS HMO +

CHAIN FREE

Sandra Davidson are pleased to present this charming middle terrace townhouse that boasts an impressive 6 bedrooms and 3 bathrooms. This property is a fantastic opportunity for those looking for a spacious home in a good location.

With parking available for 1 vehicle, convenience is at your doorstep. The chain-free status of this property makes it an even more appealing prospect for those looking to make a hassle-free move.

Whether you're looking to settle down in a large family home or considering a lucrative rental investment, this property offers versatility and potential. Don't miss out on the chance to make this house your own and enjoy all the benefits it has to offer.

Seller has been using this property as a six bedroom HMO.

Door to:

Bedroom 1 - 5.78m x 2.57m (19'0" x 8'5") - Double-glazed window to front. Radiator.

En-Suite - 1.49m x 1.04m (4'11" x 3'5") - Shower cubicle, wash hand basin and low flush w.c.

Kitchen/Diner - 2.34m x 4.44m (7'8" x 14'7") - Range of wall and base units. Cooker. Single bowl drainer sink unit. Door to rear.

Stairs To First Floor -

Bedroom 2 - 3.06m x 1.81m (10'0" x 5'11") - Double-glazed window to rear. Radiator.

Bedroom 3 - 4.83m x 2.57m (15'10" x 8'5") - Double-glazed window to rear. Radiator.

Bedroom 4 - 2.71m x 2.57m (8'11" x 8'5") - Double-glazed window to front. Radiator.

Bathroom - 1.16m x 1.81m (3'10" x 5'11") - Shower cubicle, wash hand basin and low flush w.c.

Stairs To Second Floor -

Bedroom 5 - 2.85m x 4.48m (9'4" x 14'8") - Double-glazed window to rear. Radiator.

Bedroom 6 - 2.94m x 4.48m (9'8" x 14'8") - Double-glazed window to front. Radiator.

Bathroom - Panelled bath, wash hand basin and low flush w.c.

Agents Note - No services or appliances have been tested by Sandra Davidson Estate Agents.
Seller advised they were using this as a HMO.

Agent Details

Sandra Davidson Estate Agents, Seven Kings

020 3834 8339

Next Steps?

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

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