Dane Road, Wimbledon, London
Investment Opportunity: Dane Road, Wimbledon
We are delighted to present a prime freehold investment opportunity located on Dane Road in the prestigious Wimbledon area. This property comprises seven residential flats, offering a unique opportunity for discerning investors seeking a secure and potentially lucrative investment in the heart of London.
Freehold Ownership: Acquiring the freehold ensures complete ownership and control over the property, providing long-term stability and flexibility in managing the asset.
Seven Residential Flats: The property consists of seven well-appointed flats, each designed to meet contemporary living standards. The diverse unit mix provides an attractive proposition for a range of tenants, enhancing the property's rental potential.
High Yield Potential: With the ability to generate a yield of 6.6%, this investment presents an attractive income-generating opportunity. The yield is calculated based on the anticipated rental income relative to the property's value, offering investors a favorable return on their investment.
Desirable Location: Situated in Wimbledon, a highly sought-after and affluent area of London, the property benefits from proximity to excellent amenities, transport links, and recreational facilities. This location is known for its appeal to both residents and tenants, contributing to the property's investment value.
Market Stability: Wimbledon has historically demonstrated resilience in the property market, with a steady demand for quality rental accommodation. The property's location adds a layer of stability to the investment, making it an attractive option for those looking for a reliable income stream.
Due Diligence: Prospective investors are encouraged to conduct thorough due diligence, including a detailed inspection of the property, financial analysis, and an assessment of current market trends.
Rental Market Analysis: Understanding the local rental market is crucial. Analyze rental rates, demand trends, and tenant preferences to validate the projected yield and ensure it aligns with your investment goals.
Legal and Regulatory Compliance: Stay informed about any legal or regulatory considerations that may impact the property. This includes zoning regulations, potential changes in property taxes, and compliance with local housing laws.
This freehold investment on Dane Road, Wimbledon, represents a compelling opportunity for investors seeking both capital appreciation and a reliable income stream.
This data is derived from Rightmove + a background portal showing all sold units by all agents in the local area. These recorded sales are all within 0.25 miles and have sold within the last 12 months.
You will note I have been conservative in my assessment basing my GDV on a middling ground i.e. As 1 bed garden flats are selling at 425k - 450k etc etc.
2 x 1 Bed Flats = £375,000 x 2 = £750,000
3 x 1 Bed Garden Flats = 425 x 3 = 1,275,000
2 beds - £475,000 x 2 = £900,000
Total - £2,925,000
freehold block of 7 flats generating £10,500 per month or £126,00 per annum. We have attached comparable data showing rental figures in the immediate vicinity.
This would indicate this is under rented
3 x 1 bed garden flats should rent at £1,800pcm
2 x 1 beds should rent at £1700pcm
2 x 2 beds should rent at £2000pcm
This gives a rental income of £12,800 per month or £153,600 taking the yield to 6.144%