Westgate Terrace, Kensington, London, SW10
- PROPERTY TYPE
Terraced
- BEDROOMS
11
- BATHROOMS
5
- SIZE
3,064 sq ft
285 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 5 Bathrooms
- 11 Bedrooms
- 1 Reception Room
- House
- Terraced
- Garden
- Roof Terrace
- 3064 Approx Sq Ft
- Freehold
Description
A handsome Five Storey White Stucco Period Conversion with an approved HMO License boasting an opportunity to extend it’s habitable capacity. Currently operating with only 4 of the storeys being occupied, the licensed accommodation comprises of two self contained apartments at Basement and Third floor levels and First and Second floors containing four rooms sharing two kitchens and two bathrooms. The raised ground floor level and rear first floor studio are currently not let and could easily be added to the HMO license to create substantial annual additional income.
The building is fully HMO compliant and has recently made substantial gas and electrical upgrades. Roof was upgraded around 5 years ago.
Extension Potential at Basement Level.
EPC ratings for occupied units C
Current Rental Income
Basement Flat : Self contained. 2 bedrooms, 1 bathroom, separate kitchen, utility and private garden (which could be extended into its side return as both next door neighbours have done). £2,343/month
Ground floor : 2 living rooms, 1 bathroom, separate kitchen. Unoccupied. Could be rented as a self contained unit or split into two rooms sharing bathroom and kitchen. Wall between rooms is a non load bearing stud wall. Potential income : circa £3,000/month
First Floor Front: £1,192/month
First Floor middle: £1,010/month
First Floor Rear: Not rented. Potential income: £1,000/month
Shared Kitchen and Bathroom for all three flats.
Second Floor Front: £1,192/month
Second Floor Rear: £997/month
Shared Kitchen and Bathroom and Terrace accessed via Bathroom
Third Floor: Partial Self contained. Two bedroom flat with individual kitchen and bathroom. £1694/month
Total Current Income :
£8,428 / month
£101,132 / annum
Total Potential Additional Income with ground floor and first floor rear added: £48,000/annum
Total Potential Income: Circa £150,000
Costs Summary
Buildings Insurance Currently £4,500/annum
Cleaning : £1,352/annum
Utilities (Gas, Electrics, Council Tax) are paid owners and charged back to tenants.
Details are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. *Please also note some CGI imagery has been used*.
tlc Estate Agents are a NAEA & RICS registered agent with Client Money Protection and Members of The Property Ombudsman.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Westgate Terrace, Kensington, London, SW10
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Notes
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Visit our security centre to find out moreDisclaimer - Property reference OBR260120. 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 tlc Estate Agents, Chelsea. 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.
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