Sourced Approved Investment

HMO in Cricklewood London - House

£ 600,000

Added: 11/03/2025

Profit pa£26,325

ROCE19%

Yield10%

Property description

Strategy: Buy to Let

The property is in excellent condition and features four self-contained bedrooms, each with its own ensuite bathroom, making it perfectly suited for HMO purposes.

The ground floor offers a generously sized self-contained bedroom with ensuite, alongside a large communal kitchen fully equipped with modern appliances and direct access to the private rear garden. The second floor consists of two spacious ensuite bedrooms, while the third floor houses a well-proportioned principal bedroom with ensuite, providing ample space and privacy for tenants or family members.

Additional highlights include private parking on the front driveway, double glazed windows throughout for energy efficiency.

The financials:
▪ Purchase price: £600,000
▪ GDV: £700,000
▪ Refurb costs: £20,000
▪ Annual profit: £26,325
▪ ROCE: 19%
▪ Yield: 10%

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Sourced reference: 887478598214561

Disclaimer

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.

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Due diligence

No information supplied.

Sales Agent

Mrs Yetty Sofolabo

Yetty Sofolabo

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