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Property ID: 217449219
Monthly Income
£2,710
Current Yield
6.9%
Tenancy status
Tenanted
CapitalAppreciation
+4.7%
Exclusive Investment Grade Opportunity

A 4-bedroom mid-terrace house located in Wembley is currently being used as an HMO, with the potential to become a 5-bedroom HMO by converting the reception room into an additional bedroom. The property is within walking distance of various valuable amenities and offers excellent rental return potential.


For investors looking for a rewarding investment, this is a brilliant opportunity!


The property comprises four bedrooms, a reception room that can be converted into an additional bedroom, two bathrooms, a communal kitchen, and convenient on-street parking.


Investment details


It currently produces an annual gross income of £32,520 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investor's property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyer's Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income2710/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£2710 pcm
Current Rental Yield
6.9%
Potential Market Value Rent
£2710 pcm
Potential Rental Yield
6.9%
Estimated Monthly Capital Appreciation
£1860
Area Capital Appreciation Rate
+4.7%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

HMO License

HMO License documentation has been provided to Let Property and has been Verified.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Council Tax Band

Council Tax Band: D

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£32,520
Annual Capital
Appreciation
£9,500
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£42,020