Latest Valuation
£
ROCE
80%
Location
Harrow

R2RHMO Fully Furnished

The plan is to keep the property as a R2R HMO and enjoy the monthly profit of income. It is on a 3-5 years agreement.
Guide Price
£2,600

Share this page

Enquire about this property

Key Features

  • Fully furnished
  • Good rental income
  • HMO licenced
  • Car parking
  • 3-5 years agreement
  • Has private rear garden and car parking space for 2 cars

The Property

The plan is to keep the property as a R2R HMO and enjoy the monthly profit of income. It is on a 3-5 years agreement. It comprises of 4 double rooms, 1 single room, modern kitchen diner and private rear garden and car parking space for 2 cars.

Selling office: Sourced Milton Keynes Central

Planning Information

N/A

The Plan

The plan is to keep the property as a R2RHMO and enjoy the monthly profit of income and to extend the lease as desired.

The financials:
▪ Rent: £2,600
▪ Sourcing fee: £4,000
▪ Profit: £600+ ppm
▪ Annual rental income: £43,500
▪ ROCE: 80% after 12 months

The Location

The Harrow Ambition Plan has a clear objective to deliver ‘a thriving cultural offer’.

Harrow to be seen as the place for creative industries and artists to locate. In 2017, the council completed the regeneration of Harrow Museum, developed and let the first affordable workspace for artists in Harrow and entered into a strategic partnership with the University of Westminster’s leading faculty of Media, Art and Design.

It has recently secured funding from the GLA to look at establishing a Creative Enterprise Zone in the borough. Harrow has a series of award-winning restaurants to reflect the population – one of the most diverse boroughs in the UK by ethnicity and faith – and aims to secure yet more great restaurants into the area.

As an Opportunity Area in the London Plan and a designated housing zone, Harrow is on the cusp of unprecedented regeneration. Enshrining high-quality design in these new developments is a central aspiration for the project.

The council has adopted new design guidance to inform planning policies and has recruited a design review panel to help encourage the best in architecture and urban design.

Average estimated value for a house in HA3 8TX

£

Harrow benefits from a highly skilled workforce and economic activity rates (80.7%) higher than both London and the UK.

Harrow also has higher self- employment rates than London and the UK, reflecting its enterprising population.

The borough’s high activity rates are reflected in the town and district centres, with 96.4% occupancy of shop fronts.

The borough has also been judged as a ‘the best all-round small business friendly borough’ in the capital by the Federation of Small Businesses and London Councils, and has won the High Impact Award for contributions to Global Entrepreneurship week.

Content missing