A 5-bedroom mid-terraced house located in Wembley is currently being used as an HMO. 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! This fully HMO-compliant property offers five spacious rooms, with four currently occupied and one currently used as storage but easily converted into a fifth rentable bedroom. It benefits from two modern bathrooms, a well-equipped communal kitchen, convenient on-street parking, and a private rear patio. Investment details It currently produces an annual gross income of £37,320 with four tenants currently situated and with the potential of the fifth room also being let, this could instantly rise to £46,200. 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.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are 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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