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5 bed HMO/Multi-Let

£850,000

Victoria Road, Edmonton, London, N18 2UF

Bedrooms5TypeHMO/MultiLetRent pcm4448FurnishedFurnished
TenureFreeholdGround rentService charge
Tenanted/VacantTenantedAST details No
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PLEASE NOTE EPC rating is D, and quite close to the Future required level of C

Instead of EPC, I have added the more useful Floor Plan

A huge 3 floor Freehold terraced character investment property which has 5 bedrooms, 5 bathrooms and 5 kitchens. Ideal for rental use (under new Private Rental Licensing Scheme).

Fully renovated in 2005, the house is also suitable for owner-occupier with or without rental income from the flexible accommodation. The Council recorded informal "deemed consent" for the 5 flats during 2009 (confirmed by email). Rental history is available. Super opportunity for high income first-time buyers.

Presently 4 of the 5 units are tenanted. Viewing available only after review of buyers’ finance status and capability. Gross rent £4448 pcm. 5th Unit rent will easily be £1052 pcm.

Has an automatic Fire Detection & Alarm System, shared Laundry Area, a single Gas Boiler system for whole house heating and hot water. All the flats are electric.

Two flats have nice private balconies. The house overlooks the lovely Pymmes Park and is located just a short walk from Silver Street Overground Station. Excellent location for fast train to London City

The rear loft could provide another compact studio (worth an extra £850 pcm in rent).

Utility Bills and Council Tax are un-divided; all residents have access to rear garden. The shared Laundry Area has worked well although some flats could have their own individual wash machines.

Top Floor Studio Flat A 320 sq. ft. A bright and quiet unit offering great privacy.
Large Bed-Sitting Room, Fitted Kitchen-Diner, Large Lobby, Shower-Room

Middle Floor 1-Bedroom Flat B 340 sq. ft. A bright & roomy unit with nice balcony.
Recently renovated, small Double Bedroom with carpet, new Kitchen, Diner, Lounge with laminate floor, Balcony. Luxury Shower.

Middle Floor Studio Flat C 220 sq. ft. A bright & compact unit with large balcony.
Compact flat with tiny Double Bedroom with fitted wardrobe and private balcony. Fitted kitchen with coffee table. Tiled Shower-room.

Ground Floor 1 Bedroom Flat D 270 sq. ft. A large unit with separated bedroom.
Long flat with large Bedroom (plus dressing space). Fitted wardrobe, nice fitted Kitchen with good sitting space. Tiled Shower-room.

Ground Floor Studio Flat E 270 sq. ft. A unit with very large Bed-Sitting Room.
Very large Bed-sitting Room for double bed, Sofa & Dining Table. Separated fitted Kitchen and 3 piece Shower Room (separated from Kitchen). Used as storage space. Aiming to renovate during 2022.




Gross yield calculator

£
£
=
6.28%

Stamp duty calculator

£
 5%  Up to to £125,0006,250  7%  £125,001 to £250,0008,750 10%  £250,001 to £925,00060,000 15%  £925,001 to 1.5 million0 17%  Over £1.5 million0
=
£75,000

Nearest stations

Wood Street 0.6 milesHighams Park 1 milesWalthamstow Central 1 milesWalthamstow Queens Road 1.2 milesSt James Street (London) 1.5 milesDistances are straight line measurements