5 Bed All Ensuite Professional HMO

Eric Street Widnes WA8

REF 714

  • INVESTMENT

    £200,000

  • GROSS YIELD

    13.78%

  • ANNUAL RENT

    £27,564

AgentHMO default property
Sold
  • INVESTMENT

    £200,000

  • GROSS YIELD

    13.78%

  • ANNUAL RENT

    £27,564

  • REF

    714

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 £200,000
  • Gross Annual Rent £27,564
  • Gross Monthly Rent £2,297
  • Gross Yield 13.78%
  • Net Monthly Rent £1,979
  • Net Yield 11.87%
  • Min 25% Deposit Requirement £50,000
  • Monthly Mortgage Payment* £313
  • Monthly Cashflow £1,667

*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 £1,000

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 £200,000.

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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 On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 56D
  • Size 1151 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 56D
  • Size 1151 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
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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
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Unit 1
  • £477
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £433
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £477
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £412
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £498
  • Let
  • Double Room / Ensuite
  • Total £2297
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Costs

  • Gas £50
  • Water £43
  • Wifi £38
  • Electric £50
  • Cleaner
  • TV Licence £13
  • Insurance £25
  • Council Tax £99
  • Gas £50
  • Water £43
  • Wifi £38
  • Electric £50
  • Cleaner
  • TV Licence £13
  • Insurance £25
  • Council Tax £99
  • Total £318
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2018-11-01
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £350
  • Units of Accomodation 5
  • Licensing Authority Halton Borough Council
  • HMO License Required Yes
  • HMO License Expiry 2018-11-01
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £350
  • Units of Accomodation 5
  • Licensing Authority Halton Borough Council
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £276

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FLOOR PLAN

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LOCATION

Eric Street, Widnes, WA8 6QP, United Kingdom

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BROCHURE

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