-1 Bed Walthamstow Property For Sale in Melville Road, Walthamstow, London, E17 6QS

Description

Large double bedrooms x 3 @ £95pw/£4940pa = £14,820
Double rooms x 4 @ £80pw/£4160pa = £16,640
Commercial Units x 4 @ £153.84/£8000 = £32,000

Total = £63,460 pa

HMO rooms will be inclusive of bills @ an estimated figures of £35 per room this will include council tax as well. This figures will be added to the nett rental figures above. However this has been separated for the purpose of supplying a net income.

Bills including gas, electricity, water rates and council tax and cleaner twice a week for common parts of HMO are estimated at £58.00 per room. Commericial part is completely exclusive of any bills and will have its own individidual services and be rated accordingly.

The above prices are based on a single occupancy of each room in the HMO. If two people occupy a room there will be a 25% surchage to pay on rent and bills.

Based on the modest nett rental figure we would anticipate achieving a yield in the region of 7% at a purchase price. As we have inflated the untilities and bills there would be additional income to be produced through this as well.

As we feel we have been modest with our forecasted figures an anticipate that we would achieve higher rentals on the HMO. We invite offers in excess of £950,000.

Please contact us for further information.