Allan Howard & Co

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020 8907 2525

kenton@allanhoward.co.uk

For Sale Churchill Avenue, Kenton, Middlesex, HA3 £1,000,000

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8 BED HMO PROPERTY

5 BATHROOMS

2 RECEPTION ROOMS

GAS CENTRAL HEATING

RENTED AT £50,400 PER ANNUM

FANTASTIC INVESTMENT OPPORTUNITY

2 MINS FROM NORTHWICK PARK STATION (MET LINE)

OWN DRIVE WITH PARKING FOR 2-3 CARS

CLOSE TO ALL LOCAL AMENITIES

LARGE REAR GARDEN

EPC Rating C

Council Tax Band G, Brent

Currently rented at £50,400 per annum. Allan Howard & Co are delighted to offer for sale this substantial 8 bedroom 5 bathroom HMO investment property situated on this sought after road only 2 mins from Northwick Park station ( Met Line).

The property is currently rented at £4200 pcm. (£50,400 per annum)

The property is arranged over 3 floors and provides extensive accommodation well configured for HMO use.

Ground Floor - 3 bedrooms with en-suite and communal shower room, fully fitted kitchen, an L-Shaped lounge/dining room providing shared living space for Tenants.

1st Floor - 4 bedrooms, including 1 bedroom with an en-suite shower room, together with an additional communal shower room .

The 8th bedroom has it`s own en-suite shower room.

Externally, there is a large rear garden together with a private driveway providing parking for 2-3 cars.

The property can be purchased with the Tenant which will provide an immediate income-producing investment or with vacant possession.

With a yearly income of £50,400 and a gross rental yield of approx 5.04% based on the £1m guide price, the property represents a fantastic opportunity for investors looking to aquire a substantial income-producing HMO asset.

Early viewing is strongly recommended.

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Floor Plan 1
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EPC for Churchill Avenue, Kenton, Middlesex, HA3

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Stamp Duty for Churchill Avenue, Kenton, Middlesex, HA3

Stamp Duty Land Tax

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE FROM ALLAN HOWARD & CO

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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THERE ARE NO FEES TO TENANTS FOR REFERENCE CHECKS

Refundable Holding deposit: Capped at 1 weeks rent

Security Deposit: Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent: The agreed monthly rent

Replacement keys: £variable. (cost will vary dependent on complexity of lock/security device). Please note that evidence of the actual cost of the replacement key or – security device must be supplied to the tenant. Allan Howard & Co/landlord can only charge the exact cost of the replacement

Change of Tenant: Capped at £50 Inclusive of VAT

Late Payment of Rent (14 days after rent is due): 3% above Bank of England base rate

Utilities: You will be responsible for the payment of telephone, internet, gas, water and electricity accounts at the property during your tenancy, as well as the council tax unless agreed otherwise. You are also responsible for ensuring that a valid television licence remains in place for the duration of the tenancy. Utility companies will also always require the occupant to provide access for any visit.

Management of the Property: At the start of the tenancy we will advise you who is responsible for managing the property. This is not always Allan Howard & Co. Where we are not managing the property we cannot authorise any repairs or maintenance, or guarantee the speed at which repairs will be carried out. Where we are managing the property, we may have to obtain the landlord’s consent before proceeding with a repair.
Where we manage a property and hold keys, we can usually provide access to our nominated contractors (with your permission). However, where we do not hold keys or the contractor is not willing to collect keys, it is your responsibility to provide access.

Redress Scheme: ALLAN HOWARD & CO ARE MEMBERS OF THE FOLLOWING REDRESS SCHEME: The Property Ombudsman: Membership No: N00790/0

Client Money Protect: ALLAN HOWARD & CO ARE MEMBERS OF THE FOLLOWING CLIENT MONEY PROTECTION SCHEME: Client Money Protect Membership no: CMP011727

LANDLORD FEES

Let only: 9% inc VAT. Let only service includes marketing the property, carrying out accompanied viewings, arranging for the inventory to be carried out, carrying out the relevant checks on the potential tenant including credit checks and referencing and finalising the tenancy agreement.

Rent Collection: 3% of the yearly rental

Full Management: 12% inc VAT. Full management includes all of the above, as well as getting quotes for repairs and arranging for repairs within the property, carrying 1 routine inspection per annum and notify the landlord of the outcome, advising all relevant utility providers of changes and hold the keys throughout the tenancy term.

Check Out Fee: N/A

EPC Charge: £90 inc VAT