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£750,000

The Approach, Acton, London, W3

  • 4 beds
Semi-detached house

£750,000

  • 4 beds
Semi-detached house
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Estimate monthly mortgage payment:

£3,424 per month

Minimum deposit amount:

£37,500
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Great Residential Investment and Redevelopment Opportunity.

This is a great investment opportunity to acquire a semi-detached house, just under 1,200 sq ft, offering immense potential for redevelopment and reconfiguration to suit the buyer`s personal taste and specifications (subject to planning permission, STPP).

Currently arranged as four self-contained studio units, the property includes two ground-floor studios, a large shared kitchen/diner with access to a spacious rear garden, and two additional studios on the first floor.

Key benefits include off-street parking for two vehicles and a mix of tenancies two units leased under Assured Shorthold Tenancies (ASTs), while the remaining two are vacant. The estimated rental value (ERV) is between ?55,000 and ?60,000 per annum, delivering an attractive Gross Initial Yield of 7.33% to 8%, making this a highly lucrative buy-to-let investment.

There is additional potential to extend both to the rear and into the airspace (subject to the necessary consents), offering the possibility of converting the property into either two larger flats or a spacious family home.

Please note: the property is currently tenanted, and the tenants will remain in place upon completion.

Conveniently located near local shops, schools, and well-connected transport links, including Westfield shopping center and East Acton Station (Central Line, Zone 2).

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Council Tax
Ealing Council, Band E

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: None
Broadband: None
Telephone: None

Other Items
Heating: Gas Central Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: No
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£3,424 per month
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Stamp Duty tax
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£25,000
Mortgage and legal costs:
£999
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