Front of the house
Floor plans
Latest Valuation
£4,500,000
ROCE
%
Location
London

Reduced Price – Tenanted Portfolio of 6 HMOs in London

Fantastic Turnkey Investment
Guide Price
£4,200,000

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Key Features

  • Brand new homes
  • Fully tenanted
  • ROCE 10%
  • Great cash flow generator - over 12K per month net
  • Net yield 3.7%

The Property

Based in the the vibrant town of Finchley North London, this brand new plot of 6 HMOs is a fantastic turnkey investment for an investor looking for a great opportunity in London.

Each house has 4 bedrooms, and is generating over 2K per months in net profit. The site consists of 6 x 4 bedroom terraced houses, fully tenanted with young professionals working in London. The homes are brand new, so little maintenance is needed and from month one you can begin to earn a good cashflow for your investment portfolio.

The financials:
• Purchase price: £4,500,000
• Rental income from all 6 properties: £12,332 pcm
• ROCE: 10%
• Net yield: 3.7%

Planning Information

N/A

Floor plans

The Plan

The vision is to maintain a healthy cashflow, keeping occupancy rates high and having long standing AST contracts in place. Capital growth for the last 5 years has been 10%, so great return for long term capital gain.

Residential Finchley is home to quiet streets of Victorian and Edwardian family homes as well as modern flats popular with young professionals. Japanese, Turkish, and Halal groceries on busy Ballards Lane and the High Road serve the local community. Victoria Park has tennis courts, playgrounds, and a cafe, while the Great North Leisure Park features indoor and outdoor pools, and a multiplex cinema.

The Location

Residential Finchley is home to quiet streets of Victorian and Edwardian family homes as well as modern flats popular with young professionals. Japanese, Turkish, and Halal groceries on busy Ballards Lane and the High Road serve the local community. Victoria Park has tennis courts, playgrounds, and a cafe, while the Great North Leisure Park features indoor and outdoor pools, and a multiplex cinema.

Finchley is a district in Barnet in North London. Finchley is on high ground, about out 11 km (7 miles) north of Charing Cross. It formed an ancient parish in the county of Middlesex, becoming a municipal borough in 1933, and has formed part of Greater London since 1965. It is predominantly a residential suburb, with three town centres. The Arts Depot, a community arts centre including a gallery, studio and theatre, opened in 2004, at Tally Ho Corner, North Finchley. Victoria Park is located in Ballards Lane between North Finchley and Finchley Central. It was opened in 1902, to mark Queen Victoria's Diamond Jubilee, and was Finchley's first public park

Travel:
Finchley, close to the North Circular Road, has three tube stations — Finchley Central, West Finchley and Woodside Park — all on the High Barnet branch of the Northern line and in Zone 4.
From Finchley Central, the no 60 bus goes to Baker Street, Marble Arch and Victoria, while the no 143 and the no 326 take shoppers to Brent Cross, so good transport links to London.

Average estimated value for a house in N2

£

On average, property prices in N2 have grown at 6% per year for the last 5 years this is around the London average.

Good transport connections will make your daily commute less painful, and can increase the value of property.

Travel times below are the average weekday peak travels time from the postal sector to central London, by the quickest means of public transport.
Victoria - 49 minutes
London Bridge - 57 minutes
King's Cross St Pancras - 46 minutes
Waterloo - 51 minutes
Paddington - 61 minutes
Liverpool Street - 53 minutes

The demographics of N2:
20% of the population of N2 are children, which is higher than the London average. N2 is a fairly popular area for families

The proportion of residents out of work and on benefits in N2 is about average for London, at 3%.

There is very low crime in N2 - only 7 crimes per 1000 residents each year.

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