16
Village Way, Pinner
£825,000
5 bedrooms, 2 bathrooms, 4 receptions
Summary:
HMO Investment opportunity. A large semi detached house, consisting of of 5 bedrooms, 4 receptions, a spacious kitchen and 2 bathrooms.
Key Features:
- RESIDENTIAL INVESTMENT
- HOUSE OF MULTIPLE OCCUPANCY (HMO)
- 5 BEDROOMS
- 4 RECEPION ROOMS
- LARGE KITCHEN
- GOOD SIZE REAR GARDEN
- OFF STREET PARKING
Full Details:
Previously a family home, teh property has been converted and is currently let as a House of Multiple Occupancy (HMO).
The ground floor consists of 4 double rooms which can be used as bedrooms and communal spaces, a large kitchen, with appliances and a shower room. The first floor comprises two double rooms, two single rooms, one child's room (box room) and a bathroom.
Outside the private driveway provides off street parking for up to three cars. To the rear the south facing lawned garden extends to circa 65ft, in length. All residents have use of the garden.
The property occupies a prime position, situated just a few minutes away from Rayners Lane Tube station, bus stops and shops, ensuring the property is fully occupied with minimum void periods.
The current HMO licence permits 10 people / 9 households, and the current rental income is in excess of double that of what a house of this size would achieve if let as a single dwelling.
The current owner renewed their HMO Licence for 10 people / 9 households in 2024 for a period of 5 years. HMO licenses are not transferrable, therfore, investors would need to apply for their own HMO licence. The current fees in Harrow are £1740 for a 5 year term.
This is an exciting investment is for experienced landlords, as it can be let as it currently is, an HMO, or converted into flats subject to planning consent.
Viewing & Disclaimer:
Please contact us on 020 8866 9696 if you wish to arrange a viewing appointment for this property, or require further information.
Energy Performance Certificate
Click here to view the Energy Efficiency Rating and Environmental Impact Rating for this property.
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