7 bed terraced house for sale

Springwell Avene, London NW10

An attractive opportunity to acquire a substantial residential investment property currently configured as an 8-unit HMO/multi-let property, offering an established rental income and an attractive accommodation mix.

The property extends to approximately 2,056 sq ft (191 sq m) over three floors and has been arranged to provide a combination of studio-style accommodation and bedsit units, creating a diverse tenant mix within a single freehold property.

The property benefits from an existing HMO licence, with separate Council Tax allocation for each unit, and is currently producing a total rental income of approximately £8,107.86 per calendar month, equating to £97,294.32 per annum.

The property also benefits from a large rear garden measuring approximately 43’11” x 18’9” (13.4m x 5.7m), together with accommodation arranged over ground, first and second floors.

This represents an opportunity for an investor to acquire a substantial income-producing residential asset with eight rental units already established within the property, offering the potential for a straightforward continuation of the existing multi-let strategy.

Flat 1 - £1050 pcm
Flat 2 - £927 pcm
Flat 3 - £1350 pcm
Flat 4 - £950 pcm
Flat 5 - £925 pcm
Flat 6 - £925 pcm
Flat 7 - £796.36 pcm
Flat 8 - £1184.50 pcm

Gross rental income: £97,294.32 per annum.

Further information, tenancy details and the HMO licence are available upon request.

Please note that prospective purchasers should satisfy themselves as to the current planning, licensing, tenancy and Council Tax arrangements prior to purchase. No conditional offers or 'subject to' offers will be accepted.