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£575,000 Guide Price
Bedrooms
Bathrooms
'''GUIDE PRICE 575,000 - 600,000'''
Tenants in situ
We are delighted to offer to the market this well-presented 6-bedroom terraced HMO house on Holbrook Road, London ideal for investment.
The property offers a well-adapted layout, offering spacious and comfortable accommodation, suitable for investment purposes.
The property is set over three floors with accommodation briefly comprising; on the ground floor there is a spacious kitchen that is fully equipped with fittings and appliances. Following on from the kitchen there is a front facing living room and a dining room both with en-suite bathrooms currently both being used as double bedrooms.
Stairs lead up to the first floor of the property which consists of a further three double bedrooms with space for extra storage and 2 shower rooms with modern 3-piece suits and shower cubicles. On the second floor of the property there are an additional two double bedrooms and a single bedroom.
Externally there is an enclosed rear garden ideal for outdoor seating.
The property is located in London close to local amenities and shops. Located within walking distance of the property is Abbey Road tube station which provides services to destinations such as Woolwich Arsenal and Stratford International.
The property is currently rented by 5 tenants on rolling contracts for 3975 per month not including bills giving an annual income of 47,700 giving a 7.34% yield. The property is being sold to include tenants, contents, and contracts.
Viewing is highly recommended to appreciate the investment opportunity on offer.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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