Offers over
£2,000,000
(£653/sq. ft)
11 bed terraced house for saleWestgate Terrace, Kensington, London SW10
11 beds
5 baths
1 reception
3,064 sq. ft
Just added
Freehold
About this property
5 Bathrooms
11 Bedrooms
1 Reception Room
House
Terraced
Garden
Roof Terrace
3064 Approx Sq Ft
Freehold
HMO Investment Opportunity
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.
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.
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