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High Yielding HMO Investment, 16 Well Hall Parade, Eltham, SE9 6SP

not specified / Other / Investment

Sold - Last updated: 19 February 2024

Arranged over 2 floors comprising 6 double rooms all with their own ensuite shower facilities and shared WC’s 2 per floor.

Location

The property is located on Well Hall Parade close to the junction of Well Hall Road (A208) and within 250 yards of Eltham Railway Station with direct trains to Central London. Eltham High Street is within a mile to the south and Woolwich is 2 miles to the North. The area has good transport links with numerous bus routes using Well Hall Road, the A2 and South Circular being approx. half a mile away.

Accommodation

6 x Double En-suite Rooms

Floor Plans available upon request

Terms

Current Net Rental income - £53,349 pax
(Full detailed schedule available upon request)

Tenure - Leasehold – Held on a long leasehold title for 199-years from 2015.

Price - Guide Price £530,000 subject to contract (9.7% Net Yield)

Anti-Money Laundering - Due to the recent changes in the Anti money laundering regulations, it is now standard procedure to undertake a Personal and Company general AML checks.

Legal Fees - Each Party to pay their own costs.

Specification

  • 6 x Double En-suite Rooms
  • Fully Let
  • Next to Eltham Station
  • Excellent Condition
  • Net Income £53,349 pax
  • £520,000 (9.7% net yield)


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