6 Bed HMO, London, SE16 2DZ, £750,000

Mossington Gardens, London, SE16 2DZ - 28 views - 2 months ago

HMO
ROI: 7%
~186 m²
+12 photos

ValuationUndervalued

Sold Prices£550K - £3.5M
Sold Prices/m²£4.3K/m² - £14.2K/m²

 

 

Square Metres

~186 m²
Price/m²£4K/m²

Value Estimate

£915,000
BMV22%

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

£953

Gross Rent

£5,718

Running Costs/mo

£4,366

Cashflow/mo

£1,352

Cashflow/yr

£16,223

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £550K to £3.5M, average is £1.7M. £4.3K/m² to £14.2K/m², average is £7.7K/m².

PriceDateDistanceAddressBeds 
£1.2M11/220.8 mi13, Drake Close, London, Greater London SE16 6RS6
£975K01/211.47 mi58, Lausanne Road, London, Greater London SE15 2JB6
£1.3M12/201.59 mi211, Waller Road, London, Greater London SE14 5LX6
£1.3M06/211.82 mi143, Camberwell Road, London, Greater London SE5 0HB6
£2.0M08/221.88 mi92, Grove Park, London, Greater London SE5 8LE6
£2.5M11/201.89 mi25, Camberwell Grove, London, Greater London SE5 8JA6
£650K02/231.9 mi31, Manchester Road, London, Greater London E14 3BD6
£990K09/211.91 mi26, St Asaph Road, London, Greater London SE4 2EJ6
£550K04/211.93 mi8, Mcneil Road, London, Greater London SE5 8PL6
£3.3M09/211.93 mi49, Grove Park, London, Greater London SE5 8LG6
£3.3M09/211.96 mi49, Grove Park, London, Greater London SE5 8LG6
£2.9M04/212.03 mi1, Grove Park, London, Greater London SE5 8LT6
£2.4M03/212.06 mi176, Camberwell Grove, Camberwell, London, Greater London SE5 8RH6
£1.7M06/222.2 mi14, Knatchbull Road, London, Greater London SE5 9QS6
£1.9M04/222.24 mi30, Flodden Road, London, Greater London SE5 9LH6
£1.2M05/212.27 mi30, Oakhurst Grove, London, Greater London SE22 9AQ6
£1.9M01/242.27 mi28, Gloucester Circus, London, Greater London SE10 8RY6
£1.6M06/242.27 mi29, Gloucester Circus, London, Greater London SE10 8RY6
£1.8M04/212.27 mi130, Kennington Park Road, London, Greater London SE11 4DJ6
£1.5M05/232.31 mi14, Calais Street, London, Greater London SE5 9LP6
£3.0M09/222.32 mi25, Champion Hill, London, Greater London SE5 8AL6
£3.0M12/222.34 mi52, Champion Hill, London, Greater London SE5 8BS6
£3.5M07/232.34 mi30, Hyde Vale, London, Greater London SE10 8QH6
£1.8M08/232.35 mi1, Elsie Road, London, Greater London SE22 8DX6
£2.6M09/212.37 mi5, Diamond Terrace, London, Greater London SE10 8QN6
£1.4M06/232.39 mi9, Pearman Street, London, Greater London SE1 7RB6
£830K04/212.42 mi103, Halesworth Road, London, Greater London SE13 7TL6
£1.0M12/202.46 mi17, Templar Street, London, Greater London SE5 9JB6
£1.6M11/222.57 mi32, Bicknell Road, London, Greater London SE5 9AU6
£900K03/212.63 mi23, Thorncombe Road, London, Greater London SE22 8PX6
£1.8M02/232.63 mi11, Eliot Hill, London, Greater London SE13 7EB6
£730K06/232.65 mi109, Loughborough Road, London, Greater London SW9 7TD6
£1.6M07/222.68 mi3, Walerand Road, London, Greater London SE13 7PE6
£1.3M10/212.72 mi251, Crystal Palace Road, London, Greater London SE22 9JQ6
£1.7M03/232.72 mi12, Oakcroft Road, London, Greater London SE13 7ED6
£1.7M09/232.72 mi11, Oakcroft Road, London, Greater London SE13 7ED6
£1.4M06/212.74 mi194, Lordship Lane, London, Greater London SE22 8LR6
£2.4M01/222.77 mi20, Marmora Road, London, Greater London SE22 0RX6
£1.2M03/212.79 mi163, Barry Road, London, Greater London SE22 0JP6
£867.5K06/212.8 mi2, Amyruth Road, London, Greater London SE4 1HQ6
£2.9M04/232.82 mi33, Granville Park, London, Greater London SE13 7DY6
£3.0M08/222.82 mi29, Westcombe Park Road, London, Greater London SE3 7RE6
£1.7M03/232.86 mi42, Vanbrugh Hill, London, Greater London SE3 7UF6
£1.3M08/232.87 mi252, Lordship Lane, London, Greater London SE22 8LT6
£900K04/212.88 mi65, Boyne Road, London, Greater London SE13 5AN6
£2.1M09/232.89 mi115, Fentiman Road, London, Greater London SW8 1JZ6
£1.8M10/212.89 mi95, Fawnbrake Avenue, London, Greater London SE24 0BG6
£3.5M01/212.9 mi99, Calton Avenue, London, Greater London SE21 7DF6
£2.1M04/212.91 mi32, Durand Gardens, London, Greater London SW9 0PP6
£2.0M10/202.92 mi5, Albert Square, London, Greater London SW8 1BU6

Local Area Statistics

Population in SE16

45,831

Population in London

4,771,921

Town centre distance

3.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-7%

Sales demand

Buyer's market

Capital growth (5yrs)

-1%

Property History

Listed for £750,000

February 10, 2025

Floor Plans

Description

  • Six bedrooms and three bathrooms +
  • Arranged over three floors +
  • Spacious kitchen/diner +
  • Ideal property for landlords and large families +
  • Located close to park and train station +
  • Freehold house offered chain free +
  • Council Tax Band D. EPC rating C +

Six bedroom mid terrace house arranged over three floors with three bathrooms. Rarely are homes of such size found at this price point which in our opinion offers very good value. The ground floor is dedicated entirely to living space with a good size kitchen diner and separate lounge leading to the rear yard. To the front of the house is a WC with shower. On the first floor you will find the first of six bedrooms and family bathroom. To the second floor (loft conversion) is the final two bedrooms and second family bathroom.

Mossington Garden is located just moments from 63 acre Southwark Park with its lake, sports facilities, children's play area, bandstand and cafe. A superb range of local amenities are easily accessible, as are choice schools, and both South Bermondsey and Surrey Quays stations. The property has been successfully let for a number of years and has an HMO license with Southwark Council. It offers an good rental yield for potential investors or a fantastically spacious family home.

1639 sqft. Freehold. EPC rating C. Council Tax Band D. Offered for sale chain free. Estate management fee of approx. £2492 per annum to include heating and hot water

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts. Photos taken prior to current tenancy.

Agent Details

Independent London, London

020 3872 3600

Next Steps?

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

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