Epic 6 Bed All Ensuite Professional HMO Property

Causeway, Banbury, OX16

REF 608

  • INVESTMENT

    £450,000

  • GROSS YIELD

    9.48%

  • ANNUAL RENT

    £42,660

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Coming Soon
  • INVESTMENT

    £450,000

  • GROSS YIELD

    9.48%

  • ANNUAL RENT

    £42,660

  • REF

    608

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 £450,000
  • Gross Annual Rent £42,660
  • Gross Monthly Rent £3,555
  • Gross Yield 9.48%
  • Net Monthly Rent £3,068
  • Net Yield 8.18%
  • Min 25% Deposit Requirement £112,500
  • Monthly Mortgage Payment* £703
  • Monthly Cashflow £2,365

*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 £450,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
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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
  • Tenancy Type
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Unit 1
  • £585
  • Single Room / Ensuite
  • Unit 2
  • £575
  • Double Room / Ensuite
  • Unit 3
  • £595
  • Double Room / Ensuite
  • Unit 4
  • £600
  • Double Room / Ensuite
  • Unit 5
  • £600
  • Double Room / Ensuite
  • Unit 6
  • £600
  • Double Room / Ensuite
  • Total £3555
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Costs

  • Gas £66
  • Water £44
  • Wifi £29
  • Electric £79
  • Cleaner £70
  • TV Licence £29
  • Insurance £40
  • Council Tax £130
  • Gas £66
  • Water £44
  • Wifi £29
  • Electric £79
  • Cleaner £70
  • TV Licence £29
  • Insurance £40
  • Council Tax £130
  • Total £487
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • Planning Use Class C4
  • HMO License Required Yes
  • HMO License in Place Yes
  • Planning Use Class C4
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £356

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FLOOR PLAN

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LOCATION

Causeway, Banbury, OX16 4SQ, United Kingdom

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BROCHURE

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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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