Guide price
£1,200,000
(£350.88/sq. ft)
Block of flats for saleRodwell Place, Harrow HA8
3,420 sq. ft
EPC Rating: B
About this property
An opportunity to acquire a residential investment comprising 4 self-contained flats and 1 x 3 bedroom house.
The property is located 0.3 miles from Edgware Underground Station (Northern Line).
Arranged as 1 x studio, 3 x 1 beds and 1 x 3 bedroom house.
Gia – 3,420 sq ft
Flats 2 and 5 and the house (Unit 3) are currently rented producing a current passing rent of £48,900 per annum.
Flats 1 and 4 are currently vacant.
The Estimate Rental Value of the flats and house is in the region of £100,800 per annum.
Being sold at a discount to the breakup value.
There is a communal garden to the rear accessed via the side entrance.
Flats 1 and 2 and the house benefi t from off-street parking.
Unit 3 has potential to split into 2 x 1 bedroom flats subject to obtaining the necessary consents.
Freehold.
Proposal
Guide Price - £1,200,000 + (One Million, Two Hundred Thousand Pounds), subject to contract, which equates to a Reversionary Yield of 8.40% and a low capital value of £351 psf.
The property is located 0.3 miles from Edgware Underground Station (Northern Line).
Arranged as 1 x studio, 3 x 1 beds and 1 x 3 bedroom house.
Gia – 3,420 sq ft
Flats 2 and 5 and the house (Unit 3) are currently rented producing a current passing rent of £48,900 per annum.
Flats 1 and 4 are currently vacant.
The Estimate Rental Value of the flats and house is in the region of £100,800 per annum.
Being sold at a discount to the breakup value.
There is a communal garden to the rear accessed via the side entrance.
Flats 1 and 2 and the house benefi t from off-street parking.
Unit 3 has potential to split into 2 x 1 bedroom flats subject to obtaining the necessary consents.
Freehold.
Proposal
Guide Price - £1,200,000 + (One Million, Two Hundred Thousand Pounds), subject to contract, which equates to a Reversionary Yield of 8.40% and a low capital value of £351 psf.
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Monthly repayment
£6,002 per month
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