Fantastic opportunity to acquire a fully compliant and licensed HMO in Wimbledon. Achieving approx 6% yield.
Development potential STPP.
Virtual Viewing Available on Request.
* Virtual Viewing Available on Request*
Unique investment opportunity to acquire a 7 bedroom HMO currently achieving a yield of approx 6% in Wimbledon.
This large semi-detached property boasts 7 bedrooms (four doubles in total - three doubles with 3 ensuites - and three singles), an office, a large kitchen, two shower-rooms and a communal space for tenants. In addition to this there is a large well-manicured garden as well another large plot of land towards the rear suitable for development (STPP).
Fully compliant and functioning HMO
The property itself is in great condition and has been well maintained by its current owners with quirks such as names for each room.
The property is ideally located for easy access to Raynes Park, New Malden and Wimbldon via the A3 and local buses routes going directly past the property.
Three Double Bedrooms with E-nsuites - £750 pcm
1 Double - £700 pcm
2 singles - £500 pcm
1 large single - £600 pcm
Total monthly rent - £4550 pcm including bills.
Huge potential to increase this by modernising the property.
The property is full furnished, double glazed and also boasts a driveway.
All viewings are strictly by appointment only through Parmjot Bansoodeb.