Acorn are delighted to welcome to the market great investment property which is currently used as a fully licensed 6 bed HMO, offering a yield in excess of 8%. There is also potential to increase this to a 7 bed HMO, subject to the necessary licensing.
Offered with no onward chain the property consists of one self-contained studio apartment, five further bedrooms, with one having a en-suite shower room and another two bathrooms. There is also a lounge, fitted kitchen and conservatory.
Externally the property benefits from ample off street parking, and 98ft rear garden.
Welling has fast become very desirable and offers everything you would expect from a local high street, including a wide range of supermarkets, shops, restaurants and pubs. Transport links are plentiful with bus routes to surrounding areas including Bexleyheath, Blackheath, North Greenwich (The O2) Bluewater and Abbey Wood with the Elizabeth Line. Welling Station is 0.6 miles away and offers direct links to London Bridge, Charing Cross, Cannon Street, Waterloo East & Victoria. Changes are possible at Lewisham for the DLR and New Cross for the East London Line. Crook Log Leisure Centre & The Broadway Shopping Centre are also within reasonable distance.
Tenure - Freehold London Borough of Bexley - Council Tax Band - E Energy Efficiency Rating – D
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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