No longer on the market
This property is no longer on the market
Floorplan
Map5 bedroom property
Key information
Features and description
- Residential Investment
- 5-Bedroom HMO
- Total Rental Income £38,628 per annum
- Well Fitted Throughout
- Within London Commuter Distance
- Net Initial Yield Circa 7%
The subject property is a fully tenanted 5 bedroom HMO property situated on Dales Road in Borehamwood. The three storey property benefits from 5 spacious bedrooms and 3 bathrooms with a spacious garden, patio and dedicated parking space. There is the potential to convert the loft space into a sixth bedroom STPP. A small conversion would be required to install a dormer extension in order to better utilise this space. and following a revision to the HMO licence, renting to six parties would increase the rental income and rental yield.
This property represents a good investment with an expected minimum yield of 7%.
Rooms
Location
The subject property is situated on Dales Road, a residential area within Borehamwood. The property is located nearby the A1 (Barnet By-Pass) and is accessible via the A411.
The property is well served with a Morrisons Supermarket next door and public transport available on Ashley Drive and Furzehill Road.
Accommodation
The 3-storey property briefly comprises five spacious bedroom with wardrobe and desk. The loft storage space has the the potential for conversion to a sixth bedroom in the loft, subject to planning permission.
The ground floor consists of the first bedroom, bathroom, spacious kitchen/dining room which leads to the conservatory and back garden. The first floor offers three further bedrooms which share a spacious bathroom and could be split into two if required.
The second floor provides a further two bedrooms. The fifth bedroom benefits from a modern en-suite bathroom and the potential sixth bedroom is currently being used as storage.
Tenure
Freehold. Title Number: HD183497
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.
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