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SOLD STC

Stanley Road, Teddington, Middlesex, TW11

Guide Price
£1,175,000

£616.80 per sq ft

Business rates & charges may apply

Dexters Development & Investment, South London
SIZE AVAILABLE

1,905 sq ft

177 sq m

SECTOR

Residential development for sale

Floor Plan
1

Key features

  • Investment Opportunity
  • Licensed for 12 occupiers
  • Gross annual income of £80,820
  • Long-standing tenants
  • Gross Yield of 6.9% at asking price
  • Close to Teddington train station

Description

Dexters are delighted to offer this turnkey residential investment opportunity currently set up as a fully-let income producing nine-room House of Multiple Occupancy (HMO) set within an attractive Victorian four-storey building.

One of only a few licenced HMO's within the Borough of Richmond upon Thames, the property has been operating as a HMO successfully for the last fifteen years.

Currently fully let with a GROSS ANNUAL INCOME OF £80,820 (Eighty Thousand, Eight Hundred and Twenty Pounds) representing an annual yield of 6.9% at the Guide Price.

The current units have some long-standing tenants offering the scope for a rent review.

The overall square footage of the building is circa 1,905 sq. ft (177 sq. m) and was comprehensively refurbished to a high standard in conjunction with Richmond Borough Council approximately fifteen years ago.

The property boasts high specification kitchens and bathroom fittings, inlaid wooden doors with contour handles, wash basins in all rooms, UPVC double glazing, a fire alarm, cycle store and a communal garden.

Stanley Road is located within 600 meters of Teddington town centre offering a plethora of local shops, cafés and restaurants.

Teddington train station is within 850 meters offering direct trains to London Waterloo whilst Bushy Park the second-largest of London's eight Royal Parks is within 500 meters.

Tenure: HM Land Registry Title Number SGL219846

Energy Performance Certificates

EPC

Stanley Road, Teddington, Middlesex, TW11

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Fulwell Station0.5 miles
  • Teddington Station0.5 miles
  • Strawberry Hill Station0.7 miles

About Dexters Development & Investment, South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

London covered

Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.

Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Group, Crest Nicholson, Metropolitan Housing, Henley Homes and Ballymore Group.

Landowner support

We guide land and property owners on the development potential of their assets and can help every step of the way through the planning minefield whilst providing guidance on the type of development you are likely to achieve. Working with our third-party planning and design team we can help you to visualise the concept, and assess the costs to build and value the end asset.

Land disposal

We can advise on the value of land, and explore development opportunities. Once we have assessed both the current value and the development value we can guide you on the best route to market.

Land acquisition

Our expert teams deal with development sites that are on the market, along with those that are being marketed “off market” and low-key.. If you are looking to invest or develop in these types of projects we can help source suitable opportunities, assess their future value and ultimately help you to acquire them.

Investment acquisition / disposal

We acquire and sell all types of investment assets from portfolio sales, whole block pre-sales, HMO's and mixed use (residential/commercial) Freeholds in the High Street. Whether you are looking to buy or sell an investment property we can help with valuations, comparable evidence, finding tenants, full management and block management..

New Homes sales & marketing

Whether in London or overseas, we can advise developers and housing associations on the unit mix, pricing, legislation, finance and buyer profiles.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference Stanley. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters Development & Investment, South London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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