Established Professional 6 Bed 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 £495,000
Gross Annual Rent £45,600
Gross Monthly Rent £3,800
Gross Yield 9.21%
Net Monthly Rent £2,960
Net Yield 7.18%

Min 25% Deposit Requirement £123,750
Monthly Mortgage Payment* £773
Monthly Cashflow £2,187

*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 £495,000.

Property

Property Type House
Double Glazing Full
Sub Type Detached
Garage None
Tenure Freehold
Garden Front & Rear
Construction Brick & Tile
Parking Off-Road
Condition Average
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Single Ensuite 2
Kitchenettes
Reception Rooms 1
Double Ensuite 4
Ensuite Bathrooms 6

Property Type House
Double Glazing Full
Sub Type Detached
Garage None
Tenure Freehold
Garden Front & Rear
Construction Brick & Tile
Parking Off-Road
Condition Average
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Single Ensuite 2
Reception Rooms 1
Double Ensuite 4
Ensuite Bathrooms 6

Photos

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
£700
Double Room

Unit 2
£700
Double Room

Unit 3
£700
Double Room

Unit 4
£700
Double Room

Unit 5
£500
Single Room / Ensuite

Unit 6
£500
Single Room / Ensuite

Total £3800

Costs

Gas £180
Water £50
Wifi £40
Electric £200
Cleaner £80
TV Licence
Insurance £50
Council Tax £240

Gas £180
Water £50
Wifi £40
Electric £200
Cleaner £80
TV Licence
Insurance £50
Council Tax £240

Total £840

LICENSING

HMO License Required Yes
HMO License Expiry 2025-11-01
HMO License in Place Yes
No of Persons 10
HMO Licensing Cost £700
Units of Accomodation 6
Planning Use Class C4

HMO License Required Yes
HMO License Expiry 2025-11-01
HMO License in Place Yes
No of Persons 10
HMO Licensing Cost £700
Units of Accomodation 6
Planning Use Class C4

Management

Type Self Managed
Management Rate 10%
Monthly Management £380

FLOOR PLAN

LOCATION

Lyneham Road, Bicester, OX26 4FN, United Kingdom

BROCHURE

Download the investment brochure

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