7 Bed Romford HMO

  • £550,000
Featured For Sale
Romford, UK

Overview

  • HMO
  • Property Type
  • 7
  • Bedrooms
  • 2
  • Bathrooms

Description

Property information:

• Approved HMO licence for 7 people in 7 bedrooms

• Recently refurbished property to high specifications

• Spread over 3 floors

• Shared kitchen/diner

• Fully equipped kitchen with 2 ovens 2 grills 2 microwaves 2 washer/dryers 2 fridge freezers

• 2 shared bathrooms

• Comes with high-speed fibre internet up to 300 Mbps

• EPC rating D• Property is fully managed by a third party• Vendor is happy to sell the property with its SPV if preferred

Rental income:

• 5 x double-bedrooms at £600 pcm

• 1 x small double room at £550 pcm

• 1 x single bedroom at £500 pcm

• Total rental income pcm £4,050• Total rental income pa £48,600

Running costs:

The vendor pays all bills but has no accurate figures just yet as the tenant only moved in at the end of August. Standard amounts for utilities and cleaning can be assumed.

Location information:

• The property is located in a quiet residential area in Romford• Romford railways station can be reached in under 20 minutes by bicycle or in 15 minutes by car• A convenience store and other shops are a short walk from the property

Sourcing fee: 2%

  • Address Romford, UK
  • City London
  • Country England, United Kingdom

Details

Updated on October 18, 2021 at 5:38 pm
  • Price: £550,000
  • Bedrooms: 7
  • Bathrooms: 2
  • Property Type: HMO
  • Property Status: For Sale

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What's Nearby?

Arts & Entertainment
Optimum Fine Arts (0.66 mi)
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The Queen's Theatre (0.88 mi)
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Primark Stores (2.56 mi)
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Education
Havering College Of Adult Education (1.07 mi)
Exceptional 1 reviews
Jasdeep School Of Motoring (1.92 mi)
Poor 1 reviews
Gidea Park Library (2 mi)
Exceptional 1 reviews
Health & Medical
Click Hearing (0.61 mi)
Exceptional 1 reviews
Queens Hospital (2.52 mi)
Good 4 reviews
Fitness First - Romford (2.51 mi)
Fair 3 reviews
Transportation
Station Cars (0.7 mi)
Poor 1 reviews
EE Minibuses (2.72 mi)
Poor 2 reviews
Alpha Cars (3.08 mi)
Good 5 reviews

Contact Information

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