Fab Newly Converted 12 Bed All Ensuite HMO

Burnley road, Accrington, BB5

REF 691

  • INVESTMENT

    £600,000

  • GROSS YIELD

    12%

  • ANNUAL RENT

    £72,000

AgentHMO default property
Sold
  • INVESTMENT

    £600,000

  • GROSS YIELD

    12%

  • ANNUAL RENT

    £72,000

  • REF

    691

DESCRIPTION

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £600,000
  • Gross Annual Rent £72,000
  • Gross Monthly Rent £6,000
  • Gross Yield 12%
  • Net Monthly Rent £5,127
  • Net Yield 10.25%
  • Min 25% Deposit Requirement £150,000
  • Monthly Mortgage Payment* £938
  • Monthly Cashflow £4,190

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £600,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 69C
  • Size 3692 ft²
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 12
  • Kitchenettes
  • Reception Rooms 1
  • Ensuite Bathrooms 12
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 69C
  • Size 3692 ft²
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 12
  • Reception Rooms 1
  • Ensuite Bathrooms 12
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Vacant
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 12
  • Tenant Type
  • Professional
  • Occupancy
  • Vacant
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 12
  • Unit 1
  • £500
  • Single Room / Ensuite
  • Unit 2
  • £500
  • Single Room / Ensuite
  • Unit 3
  • £500
  • Single Room / Ensuite
  • Unit 4
  • £500
  • Single Room / Ensuite
  • Unit 5
  • £500
  • Single Room / Ensuite
  • Unit 6
  • £500
  • Single Room / Ensuite
  • Unit 7
  • £500
  • Single Room / Ensuite
  • Unit 8
  • £500
  • Single Room / Ensuite
  • Unit 9
  • £500
  • Single Room / Ensuite
  • Unit 10
  • £500
  • Single Room / Ensuite
  • Unit 11
  • £500
  • Single Room / Ensuite
  • Unit 12
  • £500
  • Single Room / Ensuite
  • Total £6000
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Costs

  • Gas £200
  • Water £150
  • Wifi £100
  • Electric £150
  • Cleaner £100
  • TV Licence £13
  • Insurance £60
  • Council Tax £100
  • Gas £200
  • Water £150
  • Wifi £100
  • Electric £150
  • Cleaner £100
  • TV Licence £13
  • Insurance £60
  • Council Tax £100
  • Total £873
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Pending
  • HMO License Required Yes
  • HMO License in Place Pending
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Management

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FLOOR PLAN

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LOCATION

Burnley Road, Accrington, BB5 6HG, United Kingdom

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BROCHURE

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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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