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6 bedroom end of terrace house for sale
Oakmead Place, Mitcham, Surrey
£600,000
Oakmead Place, Mitcham, Surrey
£600,000
Our Summary
- Property Overview: 16 Oakmead in Mitcham, CR4 3RU, represents a lucrative investment opportunity within London’s thriving HMO market
- Investment Highlights: 16 Oakmead offers impressive income potential, with room rents ranging from £700 to £925 per month
- The financial performance, combined with its desirable location and efficient management, makes 16 Oakmead a compelling investment opportunity in London’s competitive rental market
- For investors, this translates into high occupancy rates, stable rental income, and the potential for significant capital appreciation
Description
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Here is a summarized version of the property description in a single paragraph:
16 Oakmead in Mitcham, London, is a lucrative investment opportunity with six fully furnished bedrooms, including three en-suites, one private off-suite, and an additional shower room. The property features a spacious kitchen diner, a well-maintained garden area, and is surrounded by local amenities. With room rents ranging from £700 to £925 per month, the total monthly income amounts to £4,900, translating to an annual income of £58,800. The property is currently managed by a local specialist HMO agent, ensuring efficient operations and tenant satisfaction. With a gross yield of 9.05%, this property offers a robust income potential, making it an attractive proposition for property investors.