This property is no longer on the market
3 bedroom terraced house
Key information
Property description & features
BTL opportunity
The property is a 3 bedroom terraced house in a highly sought after area where demand is high due to good local transport links into London. Property has been owned by the vendor since October 2015 and it has been consistently let via a local letting agent in the area.
The vendors motive for sale is entirely of a personal nature rather than any reflection on the property itself. There have been no issues during the time he has owned it other than routine maintenance (electrics, appliances, refurbishment etc.), the income has been consistent, and in that regard it has been, and continues to be, a stable investment.
Currently receives a net rental income of £1450 per calendar month after agent fees, however as this rate has remained unchanged and unchallenged since 2017, a higher yield could now easily be achievable for any prospective buyer when compared with rental rates that other similar properties achieve in the area.
It is also worth noting that this property has always been let as a private residence, and if it were to be converted to a HMO, the yield could potentially be increased further, subject to HMO licensing and planning permission being sought from the local authorities.
Attached photos with 3D floor plan and a virtual viewing.
The asking price for the property is £400,000.
EPC - D
Places of interest
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Property reference 11876544. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Streatham Accommodation Bureau - Streatham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 17, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 17, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 8, 2013 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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