£1,350,000
9 bedroom flat for sale
Old Oak Common Lane, London W3
flat 
9 bedrooms Property description
Guide Price £1,350,000 2.5%
For sale by unconditional online auction.
An opportunity not to be missed for all property investors seeking a premium HMO in the desirable location of Old Oak Common, London.
The property has an OMV of £1,700,000 and is offered for sale at a significant discount to attract investors seeking a high rental yield from a "hands off" fully managed turnkey property.
A valuation report is included within the legal pack. Prospective purchasers are referred to the legal pack for further information and additional photographs of the property.
Guide Price of £1,300,000
RICS valuation at £1.7M
Currently tenanted with annual rent of £99,840
Gross Yield of 8%
9 Bedroom HMO
Freehold
Tenancy
Room 1 Rent: £1000
Room 2 Rent: £1000
Room 3 Rent: £1000
Room 4 Rent: £1000
Room 5 Rent: £865
Room 6 Rent: £825
Room 7 Rent: £800
Room 8 Rent: £850
Room 9 Rent: £980
Total Annual Rent: £99,840
Bills
Utilities: £200
Council Tax: £266
Broadband: £45
Water: £200
Total Annual Bills: £8,532
Net Yield (%): 7%
Article 4
Located Outside Article 4 Area
HMO Licence in Place
Location
The Property is located in East Acton in west London, in the London Borough of Ealing and within the W3 postal code district. East Acton is a predominantly residential area situated to the west of Wormwood Scrubs. To the north is North Acton and Park Royal, to the south is White City and to the west is West Acton.
East Acton Station is served by the Central Line and is within a 5 minute walk of the Property. Acton Main Line is now served by the Elizabeth Line and is less than a mile to the west of the subject. Several buses pass along nearby Du Cane Road and the A40 Westway. The A40 provides excellent connections by car to central London and to the national motorway network.
Local amenities, such as an Iceland supermarket and a Post Office to the south on Old Oak Common Lane, close to the junctions with the A40 Westway. A short distance to the west of the subject is HMP Wormwood Scrubs, as well as Hammersmith Hospital.
Situation
The Property is situated within the Old Oak Estate which was developed between 1912 and 1928 in the Arts & Crafts style. Old Oak Common Lane runs in a northerly direction from the A40 Westway until it meets Old Oak Lane to the north, close to the Paddington Branch of the Grand Union Canal. Number 133 is situated to the north western corner of a garden square that is formed either side of Old Oak Common Lane. The square is formed of two storey houses. The immediate area is residential and made up of a range of houses and flats.
Description
The Property comprises a mid-terrace corner house which is arrange over ground, first and second floors, with the uppermost floor being situated within the roof space. The building has been extended and refurbished in recent years to provide 9 x studios with en-suites, together with a shared kitchen and separate WC. There is also a garden that all of the residents can access, as well as a detached garden room/lounge.
Viewings
Viewings available to serious prospective purchasers who can demonstrate that they are in a position to purchase under auction terms.
The vendor will consider sensible pre auction offers above the guide price, subject to the purchase proceeding on auction terms.
Tenure
Freehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 2.5%+VAT (subject to a minimum of £10,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
For sale by unconditional online auction.
An opportunity not to be missed for all property investors seeking a premium HMO in the desirable location of Old Oak Common, London.
The property has an OMV of £1,700,000 and is offered for sale at a significant discount to attract investors seeking a high rental yield from a "hands off" fully managed turnkey property.
A valuation report is included within the legal pack. Prospective purchasers are referred to the legal pack for further information and additional photographs of the property.
Guide Price of £1,300,000
RICS valuation at £1.7M
Currently tenanted with annual rent of £99,840
Gross Yield of 8%
9 Bedroom HMO
Freehold
Tenancy
Room 1 Rent: £1000
Room 2 Rent: £1000
Room 3 Rent: £1000
Room 4 Rent: £1000
Room 5 Rent: £865
Room 6 Rent: £825
Room 7 Rent: £800
Room 8 Rent: £850
Room 9 Rent: £980
Total Annual Rent: £99,840
Bills
Utilities: £200
Council Tax: £266
Broadband: £45
Water: £200
Total Annual Bills: £8,532
Net Yield (%): 7%
Article 4
Located Outside Article 4 Area
HMO Licence in Place
Location
The Property is located in East Acton in west London, in the London Borough of Ealing and within the W3 postal code district. East Acton is a predominantly residential area situated to the west of Wormwood Scrubs. To the north is North Acton and Park Royal, to the south is White City and to the west is West Acton.
East Acton Station is served by the Central Line and is within a 5 minute walk of the Property. Acton Main Line is now served by the Elizabeth Line and is less than a mile to the west of the subject. Several buses pass along nearby Du Cane Road and the A40 Westway. The A40 provides excellent connections by car to central London and to the national motorway network.
Local amenities, such as an Iceland supermarket and a Post Office to the south on Old Oak Common Lane, close to the junctions with the A40 Westway. A short distance to the west of the subject is HMP Wormwood Scrubs, as well as Hammersmith Hospital.
Situation
The Property is situated within the Old Oak Estate which was developed between 1912 and 1928 in the Arts & Crafts style. Old Oak Common Lane runs in a northerly direction from the A40 Westway until it meets Old Oak Lane to the north, close to the Paddington Branch of the Grand Union Canal. Number 133 is situated to the north western corner of a garden square that is formed either side of Old Oak Common Lane. The square is formed of two storey houses. The immediate area is residential and made up of a range of houses and flats.
Description
The Property comprises a mid-terrace corner house which is arrange over ground, first and second floors, with the uppermost floor being situated within the roof space. The building has been extended and refurbished in recent years to provide 9 x studios with en-suites, together with a shared kitchen and separate WC. There is also a garden that all of the residents can access, as well as a detached garden room/lounge.
Viewings
Viewings available to serious prospective purchasers who can demonstrate that they are in a position to purchase under auction terms.
The vendor will consider sensible pre auction offers above the guide price, subject to the purchase proceeding on auction terms.
Tenure
Freehold
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 2.5%+VAT (subject to a minimum of £10,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
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First listed
Over a month agoEnergy Performance Certificate
Old Oak Common Lane, London W3
Marketed by
Town & Country Property Auctions - Manchester 23 - 25 Market Street, Crewe, Cheshire CW1 2EWCall agent on 0161 937 2216
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Old Oak Common Lane, London W3 - Streetview
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