4 Bed HMO, London, NW7 2DF, £575,000

Moorlands Avenue, London, NW7 2DF - 5 views - 3 months ago

Sold STC
HMO
ROI: 3%
~129 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Total Cash In

£178,450

 

 

Cash Out

 

Room Rate

£893

Gross Rent

£3,572

Running Costs/mo

£3,122

Cashflow/mo

£450

Cashflow/yr

£5,395

ROI

3%

Gross Yield

7%













Property History

Listed for £575,000

January 9, 2025

Floor Plans

Description

  • Property Ref : 2151 +
  • Spacious Layout +
  • Hmo License +
  • Priced To Sell +
  • Prime Location +
  • Transport - Mill Hill Broadway, Mill Hill East And Bus Links +
  • Strong Rental Demand +
  • Capital Growth Potential +
  • Nearby Amenities +
  • Great Investment Opportunity +

OPEN HOUSE ON SATURDAY 1ST FEBRUARY 2025! REGISTER NOW FOR ACCESS.
Investment Opportunity: Spacious 4-Bedroom HMO on Moorlands Avenue, Mill Hill

This 4-bedroom licensed HMO, located in the desirable town of Mill Hill, offers approximately 1,400 sq. ft. of potential-packed living space. Priced to sell and potential to add value through updating, this property is an excellent investment opportunity for those looking to maximise rental income or create a modern home.

Why Choose This Property?

Higher Rental Yields
As reported by the National Residential Landlords Association (NRLA), HMOs typically deliver up to 30% higher rental yields than traditional single-let properties. Renting individual rooms can significantly boost income, making this property an attractive option for investors.

Prime Location with Excellent Transport Links
Moorlands Avenue benefits from easy access to two key transport hubs:
- Mill Hill Broadway Station (Overground): Just 0.9 miles away, offering fast connections to central London and beyond.
- Mill Hill East Station (Northern Line, Underground): Providing convenient links to the London Underground network, making commuting simple and efficient.

Lifestyle in Mill Hill
Mill Hill combines the charm of a leafy, suburban village with the convenience of city living. As highlighted by The Evening Standard, Mill Hill is highly sought after for its vibrant community, excellent schools, and ample green spaces. The area is home to:
- Copthall Playing Fields and Arrandene Open Space: Perfect for outdoor activities like jogging, dog walking, or simply enjoying nature.
- Mill Hill Village: A charming historic area with boutique shops, cafés, and pubs that cater to locals and visitors alike.
- The Broadway: A bustling high street with a variety of restaurants, supermarkets, and essential amenities.
Whether you're a professional, student, or family, Mill Hill offers something for everyone, balancing peaceful surroundings with urban conveniences.

Strong Rental Demand
According to the Office for National Statistics (ONS), demand for shared housing remains high in London, particularly in well-connected area like Mill Hill. Its appeal to students, young professionals, and commuters ensures steady rental income and minimal void periods.

Capital Growth Potential
Halifax’s UK House Price Index reports consistent property price increases in Mill Hill, with average growth of 29.6% over the last five years. This steady appreciation highlights the area’s enduring desirability and strong return on investment.

Diversified Income Risk
The Chartered Institute of Housing (CIH) underscores the advantage of HMOs in spreading rental income risk. With multiple tenants, you’re less likely to face full income loss, making this property a resilient investment.

Your Opportunity Awaits
A 4-bedroom HMO in this sought-after location offers the perfect combination of higher rental yields, strong tenant demand, and the chance to add significant value. Whether you're looking to expand your portfolio or make a smart first investment, this property in Mill Hill is not to be missed.

Contact us today to arrange a viewing and secure your foothold in one of North London's most desirable areas!
- Property Ref : 2151.

Agent Details

Agreed.co.uk, Nationwide

0121 387 6660

Next Steps?

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

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