Block of flats for sale

Rugby Close, Harrow HA1

Key features

- Block of 6 self-contained apartments
- Rent roll of £93,000 per annum / £7,750 pcm
- Gross Yield: 6.6%
- 1,787 sq ft gross internal area
- 0.4 miles from Harrow-on-the-Hill (Metropolitan line)
- Large rear garden of c.1,510 sq ft
- Driveway parking for up to 3 cars
- Heat pumps installed throughout
- Scope to extend into the loft and at ground floor, subject to consents
- Available with existing tenancies or with vacant possession

A fully let freehold block of six self-contained apartments in a quiet residential close, a short walk from Harrow-on-the-Hill station. The property is an end-of-terrace double-fronted house arranged over three floors, extending to 1,787 sq ft and producing £93,000 per annum.

The accommodation comprises three one-bedroom apartments and three studios, each with its own kitchen and bathroom. Flats A and B sit on the ground floor with use of the rear garden, Flats C, D and E occupy the first floor, and Flat F takes the whole of the second floor at 426 sq ft, the largest unit in the building. All six are let on individual assured periodic tenancies. EPC ratings run from C to E.

Outside there is a substantial rear garden of approximately 1,510 sq ft, which is unusually generous for a converted block at this price, along with a front driveway providing parking for up to three cars. Heat pumps have been installed throughout.

For an investor, the appeal is income today with a clear route to more. The rents sit at the lower end of what HA1 achieves for small units, and internal refurbishment should lift them. Beyond that there is scope to extend into the loft and add a dormer, and to extend the ground-floor units at the rear - both subject to the necessary consents. The size of the plot gives real room to work with.

Harrow-on-the-Hill is 0.4 miles away, running the Metropolitan line into Baker Street and Chiltern services into Marylebone. Harrow town centre, the St Ann's and St George's shopping centres and the University of Westminster's Harrow campus are all close by, and the surrounding area is well served by schools and open space.

The freehold is offered with the benefit of the existing tenancies, or with vacant possession by negotiation. Viewings strictly by appointment through Harper Mason Asset Management.