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Mawney Road

Price £750,000

Overview

6 Bedroom Land for sale in Mawney Road

HMO FOR SALE WITH THE ADDITIONAL BENEFIT OF APPROVED PLANNING PERMISSION FOR A NEW BUILD 2 BED + STUDY DWELLING ON ATTACHED LAND.

Key Features:

  • 6 ROOM HMO WITH LAND ATTACHED WITH PLANNING
  • TOTAL INCOME PA £50592.00
  • YEARLY INCOME FOR HMO £47592.00
  • ADMIN OFFICE AT REAR OF HMO WITH YEARLY INCOME OF £3000.00
  • APPROXIMATELY YIELD OF 6.5%
  • PLANNING AGREED FOR 2 BED NEW BUILD + STUDY
  • PLANNING REFERENCE P1948.17.
  • SECTION 106 PAYMENT PAID BY VENDOR
  • PARKING FOR 6 CARS


Fully managed HMO in Romford, Essex, bringing in income per month of £3966.00. (£47592.00 per year)
Administration office bringing in income of £250.00 per month. (£3000.00 per year)
Total income for HMO and Admin office: £50592.00
Planning permission granted for a 2 Bedroom + Study House with its own parking space and rear garden.
The Section 106 payment of £6000.00 as well as solicitors fees of approximately £2000.00 paid by the current vendors
Total income per month £4216.00
Total income per year £50592.00

Flat 1 Room and parking
Flat 2 Room and parking
Flat 3 Room and parking
Flat 4 Room with... Read more
Sorry! There are no available floor plans for this property.

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Contact Us

35 Victoria Road
Romford
Essex
RM1 2LH

T: 01708 504455
E:
info@gbpestates.co.uk


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GBP Estates Limited. Registered in England.  Company No: 06672668
Registered Office Address: 35 Victoria Road, Romford, Essex, RM1 2LH.  VAT Registration No: 938 6295 75

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GBP Estates was created to provide solutions for all of your property needs. With over 35 years combined experience, local and national knowledge, we are here to help you from choosing the right land for your residential or commercial development, buying your first home, finding the best finance or day to day property management issue.

 

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