Super 6 Bed HMO in Need of Light Refurb

Cherry Hinton Road, Cambridge, CB1

REF 662

  • INVESTMENT

    £500,000

  • GROSS YIELD

    3.99%

  • ANNUAL RENT

    £19,944

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Sold
  • INVESTMENT

    £500,000

  • GROSS YIELD

    3.99%

  • ANNUAL RENT

    £19,944

  • REF

    662

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 £500,000
  • Gross Annual Rent £19,944
  • Gross Monthly Rent £1,662
  • Gross Yield 3.99%
  • Net Monthly Rent £1,662
  • Net Yield 3.99%
  • Min 25% Deposit Requirement £125,000
  • Monthly Mortgage Payment* £781
  • Monthly Cashflow £881

*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 £500,000.

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Property

  • Property Type House
  • Double Glazing
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden
  • Construction Brick & Tile
  • Parking None
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Property Type House
  • Double Glazing
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden
  • Construction Brick & Tile
  • Parking None
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
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Photos

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VIRTUAL TOUR

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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
  • Part Let
  • Tenancy Type
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Part Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Unit 1
  • £375
  • Let
  • Single Room
  • Unit 2
  • £420
  • Let
  • Double Room
  • Unit 4
  • £425
  • Let
  • Double Room
  • Unit 6
  • £442
  • Let
  • Double Room
  • Total £1662
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Costs

  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Total £0
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LICENSING

  • HMO License Required No
  • HMO License Required No
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Management

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FLOOR PLAN

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LOCATION

Cherry Hinton Road, Cambridge, CB1 7AU, 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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