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Greenstead Avenue, Woodford Green... 9 bed house of multiple occupation for sale
Greenstead Avenue, Woodford Green, IG8 7ES
£950,000
Greenstead Avenue, Woodford Green, IG8 7ES
£950,000
Our Summary
- Century 21 Heritage is proud to present this prime HMO property in Woodford Green offers a fantastic investment opportunity with immediate rental income and room for growth
- Property Highlights:Type: HMO PropertyLocation: Woodford Green, just a 4-minute walk to Woodford StationRooms: 9 fully rented rooms, each equipped with a kitchenette and showerRent: All rooms currently rented from £550 per month, with significant potential to increase rent levelsBathrooms: 2 communal toiletsUtilities: Individual electric meters for each room; tenants responsible for all billsLandlord Expenses: Water, council tax, and communal kitchen/hallway electricity (no gas on the property)Additional Features:Parking: 3-car drivewayOutdoor Space: Rear gardenEnergy Efficiency: Insulated external renderSafety: Fire detection board/system installedFurniture: Fully furnished, included in the sale priceMaintenance: Well-maintained buildingPlanning Permission: GrantedLicensing: Full HMO license in placeInvestment PotentialCurrent Income: Strong rental income with all rooms occupiedScope for Growth: Significant opportunity to increase rent levelsViewing Arrangements:
- Investment Potential
Description
Century 21 Heritage presents a prime HMO property in Woodford Green, offering a fantastic investment opportunity with immediate rental income and room for growth. This well-maintained property is fully licensed and located just a 4-minute walk from Woodford Station. The property features 9 fully rented rooms, each equipped with a kitchenette and shower, with all rooms currently rented from £550 per month. The property has 2 communal toilets, individual electric meters for each room, and tenants are responsible for all bills. The landlord is responsible for water, council tax, and communal kitchen/hallway electricity. The property also includes a 3-car driveway, rear garden, and is fully furnished. With a strong rental income and significant potential to increase rent levels, this property offers a great investment opportunity for those looking to grow their portfolio.