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Lot IBTUK/ERS2909/01

6-Unit HMO Investment Opportunity North Circular Road, NW10 0QS

Guide price £ 950,000

Type of Sale

Private Treaty (Off-Market)

Key Features

  • • 🏠 6 studio apartments
  • 50% private tenancies
  • Barham Park & Roundwood Park
  • freehold building
  • licensed Mandatory HMO (5+ occupants)
  • Mitchell Brook Primary (0.5 mi)
  • North Brent Secondary (0.9 mi)
  • 🌳 Close to Brent Park
  • 🏫 Schools within 1 mi: Oakington Manor Primary (0.4 mi)
  • 💷 Annual revenue: £100000 ⇒ 10.53% gross yield; 6.11% net yield
  • 📑 C4 planning permission in place under Brent’s Article 4 Direction
  • 🔄 Tenant mix: 50% social housing
  • 🔒 Fully compliant with HMO licensing and safety regulations
  • 🚆 Alperton (Piccadilly Line) – 0.63 mi / 13 min walk
  • 🚆 Hanger Lane (Central Line) – 0.48 mi / 10 min walk
  • 🚆 Park Royal (Piccadilly Line) – 0.63 mi / 12 min walk
  • 🚌 Bus routes 52 98 260 266 302 460 on the doorstep
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Property for sale A large, modern three-story brick house on North Circular Rd NW10 with multiple windows, a front lawn, outdoor seating area, and evening lighting. Text overlay reads: "6-unit HMO North Circular Rd NW10 0QS. Presented by Palace Auctions
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Property for sale A large, modern three-story brick house on North Circular Rd NW10 with multiple windows, a front lawn, outdoor seating area, and evening lighting. Text overlay reads: "6-unit HMO North Circular Rd NW10 0QS. Presented by Palace Auctions
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Description

Investment Overview

This 6-unit HMO on North Circular Road, NW10 0QS represents a turnkey investment with £100,000 p.a. in secured rent, delivering a 10.53% gross yield—well above the London HMO average of 6.6% and the NW10 typical range of 6.0–8.0%. Priced at £950,000+fees, you acquire this property at a 13.6% discount to its £1.1 million market value, unlocking instant equity alongside stable cash flow. This is an exceptional opportunity specifically for investors interested in the property at 6-unit HMO North Circular Rd NW10.

Property Details & Compliance

  • Freehold mid-terrace converted into six self-contained studios, known as the 6-unit HMO North Circular Rd NW10, provides opportunity.
  • Licensed as a Mandatory HMO (5+ occupants) and holding C4 planning permission under Brent Council’s Article 4 Direction. This approval increases the appeal to discerning investors.
  • All rooms exceed minimum HMO size standards; fire safety and electrical certificates up to date
  • Communal utilities and separate metering enhance operational efficiency

Tenancy & Income

  • Gross Annual Revenue: £100,000
  • Operating Costs: £41,930 (management, maintenance, insurance, licensing, compliance, voids, utilities)
  • Net Annual Income: £58,070
  • Revenue per Unit: £16,667
  • Tenants on assured shorthold tenancies with strong payment history make the 6-unit HMO North Circular Rd NW10 an income-generating asset.

Location & Transport

Located on a major arterial route, the property benefits from excellent connectivity and local amenities:

  • Underground: Hanger Lane (Central), Park Royal & Alperton (Piccadilly) within 0.5–0.6 miles
  • Bus: Routes 52, 98, 260, 266, 302, 460 at doorstep
  • Road: Immediate access to A406 North Circular and M1 motorway
  • Leisure & Retail: Brent Park retail hub, independent cafés and shops make living at the 6-unit HMO North Circular Rd NW10 particularly convenient.

Local Schools & Green Space

  • Primary: Oakington Manor (0.4 mi), Mitchell Brook (0.5 mi)
  • Secondary: North Brent School (0.9 mi)
  • Parks: Brent Park, Barham Park, Roundwood Park with playgrounds and sports facilities nearby the location.

Why Invest?

  • Yield Premium: +3.9 pp vs London average
  • Immediate Equity: 13.6% below market value
  • Regulatory Security: Fully licensed and permitted
  • Diversified Tenancy: Balanced social/private mix reduces void risk
  • Operational Efficiency: Modern compliance measures and utility sub-metering ensure that stays cost-effective.

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Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

Map

Income
Income Currently tenanted, generating £100,000 p.a.

EPC

C
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