Fab 5-Bed Newly Refurbed Professional HMO Property For Sale

DESCRIPTION

Features

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

FINANCIALS

Investment £130,000
Gross Annual Rent £23,640
Gross Monthly Rent £1,970
Gross Yield 18.18%
Net Monthly Rent £1,560
Net Yield 14.4%

Min 25% Deposit Requirement £32,500
Monthly Mortgage Payment* £203
Monthly Cashflow £1,357

*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.

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 £130,000.

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 Excellent
No Parking Spaces
Heating Gas Central Heating
EPC Rating 57D
Size 900 ft²
Listed Building

Single 3
Double Ensuite 2

Property Type House
Double Glazing Full
Sub Type End of Terrace
Garage None
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking On-Road
Condition Excellent
No Parking Spaces
Heating Gas Central Heating
EPC Rating 57D
Size 900 ft²
Listed Building

Single 3
Double Ensuite 2

Photos

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Rental

Tenant Type
Professional
12 Month Occupancy

Occupancy
Fully Let
Tenancy Type

No. of Tenants
5

Tenant Type
Professional
Occupancy
Fully Let
12 Month Occupancy
Tenancy Type
No. of Tenants
5

Unit 1
£433
Let
Double Room / Ensuite

Unit 2
£368
Let
Single Room

Unit 3
£346
Let
Single Room

Unit 4
£346
Let
Single Room

Unit 5
£477
Let
Double Room / Ensuite

Total £1970

Costs

Gas £65
Water £38
Wifi £44
Electric £60
Cleaner £40
TV Licence
Insurance £50
Council Tax £113

Gas £65
Water £38
Wifi £44
Electric £60
Cleaner £40
TV Licence
Insurance £50
Council Tax £113

Total £410

LICENSING

HMO License Required Yes
HMO License Expiry 2024-04-22
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1000
Units of Accomodation 5
Licensing Authority Mansfield District Council
Planning Use Class C3

HMO License Required Yes
HMO License Expiry 2024-04-22
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1000
Units of Accomodation 5
Licensing Authority Mansfield District Council
Planning Use Class C3

Management

Type Local Agent
Management Rate 12%
Monthly Management £236

FLOOR PLAN

LOCATION

George Street, Mansfield, NG19 6SF, United Kingdom

BROCHURE

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