REF_HKI3187

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33% BMV HOUNSLOW, LONDON

HOUNSLOW, LONDON TS3
APARTMENT BLOCK 
5 X 1 BEDROOM APARTMENTS 
1 X 2 BEDROOM APARTMENT 
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Gross Development Value :

Purchase Price:

Discount :

Tenanted:

Achievable Rental Income:

Estimated Mortgage PCM:

Est Net Profit PA:

YIELD:

£1,530,000

£1,000,000

33%

No

£7950

£1244

£67,152

10%

Hotkey Invest are proud to bring to the market this Apartment block in Hounslow, London. 

The development consists of 5 x 1 bedroom apartments and 1 x 2 bedroom apartment. 

All 6 apartments have been finished to a high standard, with double glazing, electric boiler and radiators throughout. The total square meter area for all apartments is 309 square meters. please see the below link to the floor plans for individual sizing. 

 

The Gross development value has been estimated at CIRCA £1,500,000. 

We have had a local estate agent appraise the properties.

See below the estimated market values after the sprinkler system has been fitted 

1 bedroom apartments (flat 5 and 6 single rooms): £230,000 per apartment. 

1 bedroom apartments (flat 1, 2 and 3): £260,000 per apartment.

2 bedroom apartment: £290,000

Total £1,530,000

Each apartment has access to its own private parking space with 6 available for the whole development.

The Apartment block requires a sprinkler system fitting to the property at circa £50,000 in order to pass the Fire regulations. 

This is due to the road leading to the property being deemed too small for a fire engine to gain access.

The development is currently unmortgageable until the sprinkler system has been fitted, due to this we have negotiated a delayed completion in order to have the system fitted. 

This investment is in prime location near to both Heathrow airport and Twickenham Stadium.

Please see below links to floor plans, Valuations, Fire safety report 

Viewings available to qualified investors only.

 

KEY FEATURES

 

5 x 1 bedroom apartments 

1 x 2 bedroom apartments 

Great location 

6 parking spaces 

33% Below Market Value 

Delayed Completion 

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FINANCIALS

(based on single family let)

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We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

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DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.