Latest Valuation
£
ROCE
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Location
London

6 Bed R2R HMO North London

The plan is to purchase property on a 3-5 year agreement and rent it out as a HMO and earn regular income from month 1.
Guide Price
£2,900

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Key Features

  • HMO licenced
  • Good rental income
  • Good quality interior build
  • Close to local amenities
  • 3-5 years agreement
  • Large kitchen, reception room and lounge

The Property

The plan is to purchase property on a 3-5 year agreement and rent it out as a HMO and earn regular income from month 1. It has good quality interior build, comprises of 6 bedrooms, large kitchen, reception room and lounge for communal purposes. It is located within walking distance to Harringay Green Lanes station and to local amenities and shops.

Selling office: Sourced Milton Keynes Central

Planning Information

N/A

The Plan

The plan is to purchase property on a rent to rent basis and run it as a HMO, keep it fully occupied and earn the rental income after paying all expenses. keep it profitable and extend the the agreement.

The financials:
▪ Rent: £2,900
▪ Sourcing fee: £4,000
▪ Annual rental income: £48,600

The Location

High demand for rooms to rent in Harringay including working professionals in
the area and NHS staff (Child Development Centre, St. Ann's Hospital).

 5 mins walk to Harringay Green Lanes station. Other local railway stations include: 9 minutes’ walk to Harringay station.

 Within very close proximity to local amenities such as several shops
(Sainsbury’s and restaurants).

Average estimated value for a house in N4 1AA

£

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In Wood Green, the heart of the borough, Crossrail 2 will underpin a complete transformation bringing 6,000 new homes and creating 4,000 new jobs and returning one of London’s historic town centres to its former glory, including the restoration of Haringey’s most famous landmark, Alexandra Palace – the birthplace of television.

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CROSSRAIL 2 Haringey is set to be one of the biggest beneficiaries of Crossrail 2 with plans for up to five stations, which will link north east and south west London. Crossrail 2 will connect Wood Green, Tottenham Hale, Seven Sisters and Northumberland Park with central London and Clapham.

Crossrail 2 will further unlock Haringey’s potential for major mixed-use developments near key transport hubs. The project will be a catalyst for investors seeking to take advantage of the step-change in connectivity, capacity and frequency around state-of the-art new stations.

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