8 bed semi-detached for sale

£1,400,000

Lesney Park Road, Erith, Kent, DA8 3DQ

Bedrooms8TypeHouseRent pcm8300FurnishedFurnished
TenureFreeholdGround rentService charge
Tenanted/VacantTenantedAST details6 Monthsuntil2024-05-27
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Large Victorian semi divided into 8 independent studio flats each with own toilet, shower and kitchen. Each studio is metered separately paid by thetenant. No gas and fully double glazed. All electric certs in place. The house has all certs for lawful use. The house was and is a money maker and 99.9% of the rent was always collected for last twenty years of my ownership, as I was always very careful with selection of tenants.
The house generates 7.3% which represents excellent value in London where average property achieves around 4% or Hmo around 6%.
Please do not bother me with silly offers of no money down or I will lease it from you with no money upfront. Please find idiots elsewhere.

Please contact me for further details.
Thank you.


Contact the Landlord / Seller about this property



Gross yield calculator

£
£
=
7.11%

Stamp duty calculator

£
 3%  Up to to £250,0007,500  5%  £250,001 to £925,00054,000  8%  £925,001 to £1.5 million149,500 15%  Over £1.5 million0
=
£211,000

Nearest stations

Erith 0.3 milesBarnehurst 1 milesSlade Green 1 milesBelvedere 1.3 milesBexleyheath 1.9 milesDistances are straight line measurements