Nelson Gardens, TW3

£1,250,000.00

We are delighted to bring to market this superb 9 bedroom tenanted HMO property, perfectly located in the popular Hounslow region of London, and just a short distance from arguably the UK's busiest transport hubs, Heathrow Airport. Given the superb location of the building, in close proximity to both central London and Heathrow Airport, this property benefits from the high level of demand from young professionals seeking high quality HMO style accommodation throughout the West London region.

The property itself consists of an extended semi-detached property, developed across 3 stories to provide spacious accommodation across 9 bedrooms designed to cater for up to 13 people. 7 of the bedrooms are ensuite, with the two remaining double bedrooms sharing the properties main bathroom. The ground floor comprises of a spacious and light hallway area with a double room to the right hand side. To the rear, the hallway leads through to the large open plan shared living and kitchen area. A second large kitchen and dining area are also situated on the ground floor, with a double ensuite room and a separate double room leading off the dining area.

The spacious landing area on the first floor leads to a family sized bathroom, as well as one single, and one double bedroom. Two additional double bedrooms and a family bathroom are also situated on the first floor. On the third floor is located a spacious double bedroom with ensuite. A large storage area leads off the landing area on the third floor, which offers the potential for further development should the owner require.

The property is currently managed by the existing owner, so flexibility is offered in respect of the management moving forward.

61 Nelson Gardens - Investment Highlights
Fully Compliant To HMO Regulations. HMO Licence issued on 23/06/2023 for 9 bedrooms (max 13 occupants)
Number Of Bedrooms: 9
7 En-suite Rooms and 2 Rooms sharing the main bathroom, Sharing Living Area, & Kitchen
EPC: D
Asking Price: £1,2500,000
Annual Rental Income: £94,875
Estimated Running Costs: £21,488
Net Annual Income: £72,091
Tenure: Freehold
Development opportunity: additional space in loft area for conversion to an additional room, plus large garden at the rear of the property.

Investment Breakdown By Room 
Rentals Information: Currently generating £7,906pcm ( £94,875 per annum)
Double Ensuite Room: £971.25pcm (under contract)
Single Ensuite Room: £800pcm (under contract)
Single Ensuite Room: £850 (under contract; reduced to 500pcm until July)
Single Ensuite Room: £850pcm (under contract)
Double Room: £850pcm (under contract)
Double Room: £850pcm (under contract)
Single Ensuite Room: £650pcm (under contract)
Double Ensuite Room: £1,035pcm (under contract)
Double Ensuite Room: £1,100pcm (currently being marketed)

Expenses (approximate):
Electricity and Gas: £1,250pcm
Water: £75pcm
TV Licence: £13.25pcm
Internet: £36pcm
Council Tax: £258pcm
Insurance appliances: £100pcm
Cleaner (fortnightly): £108pcm
Total: £1,899pcm (£21,488 per annum)

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