Brilliant Newly Refurbed 5 Bed HMO Property

Parkside Road, Bradford, BD5

REF 715

  • INVESTMENT

    £180,000

  • GROSS YIELD

    10.17%

  • ANNUAL RENT

    £18,300

AgentHMO default property
Sold
  • INVESTMENT

    £180,000

  • GROSS YIELD

    10.17%

  • ANNUAL RENT

    £18,300

  • REF

    715

DESCRIPTION

This is a superb 5 double bedroom 4 ensuite 2 story end of terrace |HMO in Bradford, it has been newly refurbished to a high standard. This freehold property has high yields of 10.1% and is fully tenanted and cash flowing.

The property is well located in an established residential area in Bradford, it is a 15-minute walk to the local hospital and the local supermarket with direct access to the A6177 and the M62.

The property benefits from a New HMO licence, good quality professional tenants, four ensuites, one shared bathroom, reception room, a large kitchen and two bedrooms have their own kitchenette. This property is producing an income of £18,300 per annum.

We are able to make an introduction to any prospective buyer to a local managing agent who offers a rental guarantee scheme.

Back to menu

Features

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

FINANCIALS

  • Investment £180,000
  • Gross Annual Rent £18,300
  • Gross Monthly Rent £1,525
  • Gross Yield 10.17%
  • Net Monthly Rent £1,100
  • Net Yield 7.33%
  • Min 25% Deposit Requirement £45,000
  • Monthly Mortgage Payment* £281
  • Monthly Cashflow £819

*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.

Back to menu

Fees

  • Buyers Fee £2,000

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 £180,000.

Back to menu

Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1130 ft²
  • Listed Building No
  • Kitchens 1
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1130 ft²
  • Listed Building No
  • Kitchens 1
  • Kitchenettes 2
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
Back to menu

Photos

Back to menu

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.

Back to menu

Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • N/A
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • N/A
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Unit 1
  • £200
  • Let
  • Double Room
  • Unit 2
  • £350
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £350
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £300
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £325
  • Let
  • Double Room / Ensuite
  • Total £1525
Back to menu

Costs

  • Gas £75
  • Water £78
  • Wifi £30
  • Electric £75
  • Cleaner
  • TV Licence £13
  • Insurance £36
  • Council Tax £118
  • Gas £75
  • Water £78
  • Wifi £30
  • Electric £75
  • Cleaner
  • TV Licence £13
  • Insurance £36
  • Council Tax £118
  • Total £425
Back to menu

LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
Back to menu

Management

  • Type Self Managed

Back to menu

FLOOR PLAN

Back to menu

LOCATION

Parkside Road, Bradford, BD5 8DY, United Kingdom

Back to menu

BROCHURE

Download the investment brochure
Back to menu
This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
REQUEST FULL DETAILS