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Brent, London HMO House

Brent, London

Location

8.2%

Potential NET Yield

6

Beds

HMO Houses Brent, London, NW2

Fresh Invest is delighted to release a stunning high spec, fully furnished HMO House located in NW2 London.

  • 1 x 6 Bed HMO House
  • Option to Rent to Professionals or LHA
  • NET Yield of between 5.5%-8.2%
  • Full Furniture Pack Included
  • Superb Commuter Location
  • Potential Rent Guarantee Available
  • Priced at just £800,000

More Information

THE LOCATION

Minutes from central London, Brent is a diverse and dynamic London Borough. On the doorstep of Wembley Stadium which dominates the West London Skyline, Brent is a place to really experience multicultural London.

Brent’s economy remains strong through its major attractions including Wembley Stadium, and Brent’s many retail offerings.

Nearby, Wembely is an industrial and commercial hub and Brent Park includes an Ikea, Large Tesco and other industrtial units.

The £1.4bn regeneration of Brent Cross Shopping Centre should add employment and training prospects for local people to the tune of up to 3,500 retail jobs and 5,000 construction opportunities.

The Old Oak common rail super hub for Cross Rail and HS2 could add as much as £5.6 billion to Londons economy whilst creating up to 55,000 jobs.

THE PROPERTY

A rare opportunity to purchase a FREEHOLD HMO property in Brent, North West London.

The property was recently converted from a 3 bedroom 2 bath into a 6 bed en suite property with 2 bedrooms benefitting from their own private gardens.

The property was rented out to professional tenants last year very successfully but the landlord decided to sell with vacant possession.

As you will see from the images, each bedroom has its own en suite and the property will come fully furnished with all white goods and soft furnishings.

RENTAL OPTIONS

There are options of renting to Professionals or Local Housing Association (LHA) tenants.

Private – The anticipated gross rent from private tenants would be £55,000 per annum which represents a 6.9% Gross Yield.

LHA – The anticipated gross rent from LHA tenants would be £83,600 per annum which represents a 10.5% Gross Yield.

Guarantee – The LHA managing agent has mentioned they would be willing to provide guarantee a rental of £200 per person per week for up to 3 years. This represents a NET Yield of 7.8%

THE FINANCIALS – LHA Guarantee

  • Purchase price – £800,000
  • Weighted Average Monthly Rent/Room – £1,161 pcm
  • Average Monthly Rent – 6,966 pcm
  • Gross Rent Per Year – £62,400 pa
  • Annual Costs – £1,496.54 pa
  • Net Rental Return – £60,903.56
  • Net Rental Yield – 7.8% pa

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