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2 Heber Road, London, Cricklewood, NW2 6AA
Guide Price* : £1,050,000
Residential Investment Opportunity
- High Yielding HMO Investment
- Fully licensed
- Seven Letting Rooms
- Freehold
- 1,496 sq ft (139.00 sq m)
- Currently let on six separate ASTs producing £82,320 per annum
- Guide Price of £1,050,000 reflects a Gross Yield of 7.84%
- ERV of circa £107,000 provides Gross Yield of 10.2% when fully let
Description
The property comprises a fully licensed, end of terrace, Home in Multiple Occupation (HMO). The property provides seven studio flats with a total aggregate area of 1,496 sq ft (139.00 sq m)*
Arranged across ground and first floors with one flat having a mezzanine creating additional areas in the loft space. All the rooms are self contained, with kitchenette and en-suite bathrooms, and fully licensed with the correct certification (please see legal documents).
The property is accessed from Olive Road via two separate doors, one door provides access to two flats at ground floor level with an additional three to the first floor. The second door provides access to a single studio flat.
There is a further studio flat to the rear of the property accessed through the garden via a gate to the rear.
*Note, floor areas are taken from individual flats EPCs and are not to be relied upon. The floor area does not include common parts.
Location
The property is located in the heart of Cricklewood which is to the north of London. Cricklewood Broadway, the local High Street, within walking distance and providing numerous local amenities such as Costa Coffee and Tesco.
The property benefits from excellent transport links with Cricklewood Railway Station and Willseden Green underground station less than a ten minute walk away. Futhermore, the A407 provides access to both the A41, and by extension the M1 motorway, as well as the North Circular and A40.
Tenure
Freehold
VAT
Refer to the legal documentation
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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