9 Bed HMO, Watford, WD18 7UH, £750,000

Hagden Lane, WATFORD, WD18 7UH - 64 views - 3 months ago

HMO
ROI: 9%
~279 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£187,500

Stamp Duty & Legal Fees

£48,700

Total Cash In

£236,200

 

 

Cash Out

 

Room Rate

£745

Gross Rent

£6,705

Running Costs/mo

£4,838

Cashflow/mo

£1,867

Cashflow/yr

£22,401

ROI

9%

Gross Yield

11%













Property History

Listed for £750,000

December 26, 2024

Sold for £500,000

2017

Floor Plans

Description

  • ** NO UPPER CHAIN ** +

  • IDEAL INVESTMENT OPPORTUNITY +

  • HMO LAYOUT TARGETING WORKING PROFESSIONALS +

  • NINE WELL-PROPORTIONED BEDROOMS +

  • LARGE MODERN KITCHEN/DINING/LIVING AREA +

  • MODERN BATHROOM, TWO SHOWER ROOMS & TWO EN-SUITES +

  • EXCELLENT TRANSPORT LINKS INCLUDING WATFORD MET LINE +

  • REAR DRIVEWAY FOR SEVERAL CARS +

SUMMARY
NO UPPER CHAIN IDEAL INVESTMENT OPPORTUNITY HMO LAYOUT TARGETING WORKING PROFESSIONALS PRIME WATFORD LOCATION NINE WELL-PROPORTIONED BEDROOMS LARGE MODERN KITCHEN/DINING/LIVING AREA MODERN BATHROOM, TWO SHOWER ROOMS & TWO EN-SUITES CLOSE TO WATFORD MET LINE**

DESCRIPTION
**NO UPPER CHAIN **

An ideal investment opportunity - located on Hagden Lane this expansive 8/9-bedroom semi-detached house presents a lucrative option for multi-occupancy house rental, offering three communal bathrooms, two en-suite shower rooms as well as off-street parking. This property represents an excellent opportunity for investors seeking a high-yield property in a thriving commuter hub - the property offers modern amenities tailored to working professionals, ensuring strong tenant demand. With its strategic location and proximity to both Watford's town centre and London, this property is set to deliver consistent rental income and long-term growth potential.

The property is situated within easy reach of Watford Town Centre and ideally placed within walking distance to Watford High Street & Watford Metropolitan Station with direct links into Euston. The award winning Cassiobury Park with its hugely popular play area/splash park and woodland are within easy reach, as well as the other recreational facilities to include Watford Leisure Centre and Atria Shopping Centre with its vast area of family entertainment.

For more information or to arrange a viewing please contact Connells today.

Entrance Porch 
Front door, window to front aspect.

Entrance Hall  
Window to side aspect, stairs to first floor landing, under-stairs storage.

Bedroom Three 13' 2" INTO BAY x 8' 10" ( 4.01m INTO BAY x 2.69m )
Bay window to front aspect.

Kitchen / Living Area 18' 7" MAX x 18' 3" MAX ( 5.66m MAX x 5.56m MAX )
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, skylight, sink with drainer, electric eye level oven, gas hob with extractor hood, plumbing for washing machine, space for fridge/freezer.

Shower Room  
Window to rear aspect, shower cubicle, WC, wash hand basin, hand towel rail.

Bedroom Eight  11' 8" MAX x 10' 7" MAX ( 3.56m MAX x 3.23m MAX )
Window to rear aspect, door to rear garden.

Bedroom Nine 7' 2" MAX x 6' 8" MAX ( 2.18m MAX x 2.03m MAX )
Window to rear aspect, door to rear garden.

Lean To 
Door to rear garden, storage cupboard.

Bedroom Two 12' 3" MAX x 9' MAX ( 3.73m MAX x 2.74m MAX )
Door to en-suite.

En-Suite 
Window to front aspect, shower cubicle, WC, wash hand basin, hand towel rail.

First Floor Landing  
Stairs from entrance hall, stairs to second floor landing.

Bedroom One  15' 6" INTO BAY x 11' 11" ( 4.72m INTO BAY x 3.63m )
Bay window to front aspect, door to en-suite.

En-Suite 
Window to front aspect, shower cubicle, WC, wash hand basin, hand towel rail.

Bedroom Four 15' 8" MAX x 10' 10" MAX ( 4.78m MAX x 3.30m MAX )
Window to rear aspect.

Bedroom Seven 9' 2" MAX x 8' 4" MAX ( 2.79m MAX x 2.54m MAX )
Window to rear aspect.

Shower Room  
Window to side aspect, shower cubicle, WC, wash hand basin, hand towel rail.

Second Floor Landing  
Stairs from first floor landing, window to side aspect, skylight, storage in eaves.

Bedroom Five 11' 11" MAX x 10' 1" MAX ( 3.63m MAX x 3.07m MAX )
Window to rear aspect, Juliet balcony.

Bedroom Six 8' 5" MAX x 7' 10" MAX ( 2.57m MAX x 2.39m MAX )
Window to rear aspect.

Bathroom  
Skylight, bath with mixer taps and overhead shower, WC, wash hand basin, hand towel rail.

Outside  

Rear Garden 
Block paved, side access.

Parking  
Parking at the rear of the property with potential for additional driveway.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Watford

01923 961934

Next Steps?

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