Description
Key Takeaways: • Freehold 3-bed terraced home, W5 2EQ, steps from Ealing Broadway Station. • Guide price £950,000 (negotiable for cash buyers). • Private south-facing garden, integrated garage, three floors of living space. • Major upside: loft & rear extensions (STPP), HMO conversion (STPP), garage conversion. • Current gross yield ~3.07% (net 2.31%); HMO conversion gross ~5.38% (net 3.35%), payback ~6.2 yrs. The Ealing Broadway terraced home on Hamilton Road, W5 2EQ. Offers a rare freehold investment in West London’s most sought-after postcode. Located an 8–12-minute walk from Ealing Broadway Station (Elizabeth, Central & District lines). This versatile property spans three floors, featuring three spacious bedrooms and a private south-facing garden that floods the living areas with natural light.Development and conversion
Moreover, an integrated garage adds c.150 sq ft of flexible space—perfect for a home office or an extra bedroom. Local planning precedents show a 78.2% approval rate for loft and rear extensions in Ealing W5. Similar Successes can be seen at 7 Curzon Road (4 m rear extension + dormer) and 34 Creffield Road (rear extension + dormer). Consequently, a six-bedroom scheme is highly feasible, subject to standard approvals.Cash producing investment
For higher yields, investors can convert the home into an HMO. Subsequently designed for professional sharers. Ealing Borough mandates a HMO licence for up to four sharers and a mandatory licence for five or more. A garage-to-bedroom conversion further boosts income potential. While light cosmetic works (kitchens, bathrooms, décor) can lift rent from c.£2,322 per month for a 3-bed to significantly more post-refurbishment. Therefore, purchasers may choose: • Standard let: Gross yield ~3.07%, net ~2.31% (annual rent £29,196) • HMO conversion: Gross yield ~5.38%, net ~3.35% (annual rent £55,200) With total conversion costs of £75,000 and licence fees of £1,750, HMO payback is c.6.2 years.Investment Highlight: HMO conversion boosts monthly income by 89% and pays back extension costs in under 7 years.
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Ealing Broadway road image[/caption]
Income & Investment Metrics
| Scenario | Gross Yield | Net Yield | Payback (yrs) |
|---|---|---|---|
| Standard 3-Bed Rental | 3.07% | 2.31% | 43.2 |
| HMO 6-Bed Conversion | 5.38% | 3.35% | 29.9 |
| Figure: ROI Analysis Standard Rental vs HMO Conversion |
