HMO London SE12

The Details:

This 4 bedroomed residential house has the potential to become a 6 bed HMO, either by doing a loft conversion, or by re-arranging the current landing to create extra floor area. This produces a huge 7.4% Net yield on cash invested, on a property in an area of London that will undoubtedly grow in value as the popularity of Greenwich extends out.

The current property consists of:

• 4 double bedrooms
• 2 large family bathrooms
• 4 reception rooms (through lounge)
• Kitchen
• Garden

Figures:

• Purchase Price – £429,950
• Cash Investment inc Refurbishment – £204,359
• Monthly Net Profit – £1,253

Area and Location:

This house is within a 6 minute walk from Grove Park overground station in zone 3 of South East London. Grove Park goes directly into Charing Cross within 23 minutes, London Bridge within 20 minutes and 8 minutes to Lewisham where you can change for the DLR direct to Canary Wharf in 15 minutes.

It is within yards of a doctors surgery, shops and amenities, a gym and a sports ground, making it an ideal location for professional sharers working in the city and looking for affordable rentals.