Epic 6 Bed HMO For Sale | Agent HMO

Epic 6 Bed HMO

Marlborough Road, Banbury, OX16

REF 1026

  • INVESTMENT

    £380,000

  • GROSS YIELD

    9.7%

  • ANNUAL RENT

    £36,876

Epic 6 Bed HMO For Sale
Coming Soon
  • INVESTMENT

    £380,000

  • GROSS YIELD

    9.7%

  • ANNUAL RENT

    £36,876

  • REF

    1026

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
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FINANCIALS

  • Investment £380,000
  • Gross Annual Rent £36,876
  • Gross Monthly Rent £3,073
  • Gross Yield 9.7%
  • Net Monthly Rent £2,530
  • Net Yield 7.99%
  • Min 25% Deposit Requirement £95,000
  • Monthly Mortgage Payment* £594
  • Monthly Cashflow £1,936

*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 £380,000.

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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 None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 37F
  • Size 1614 ft²
  • Listed Building No
  • Single 6
  • Kitchens 2
  • Single Ensuite 6
  • Kitchenettes
  • Reception Rooms 1
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 37F
  • Size 1614 ft²
  • Listed Building No
  • Single 6
  • Kitchens 2
  • Single Ensuite 6
  • Reception Rooms 1
  • Ensuite Bathrooms 6
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Photos

Epic 6 Bed HMO For Sale
Epic 6 Bed HMO For Sale
Epic 6 Bed HMO For Sale
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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
  • Working
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Tenant Type
  • Working
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £520
  • Let
  • Single Room / Ensuite
  • Unit 2
  • £520
  • Let
  • Single Room / Ensuite
  • Unit 3
  • £493
  • Let
  • Single Room / Ensuite
  • Unit 4
  • £542
  • Let
  • Single Room / Ensuite
  • Unit 5
  • £499
  • Let
  • Single Room / Ensuite
  • Unit 6
  • £499
  • Let
  • Single Room / Ensuite
  • Total £3073
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Costs

  • Gas £104
  • Water £15
  • Wifi £30
  • Electric £104
  • Cleaner £120
  • TV Licence
  • Insurance £27
  • Council Tax £143
  • Gas £104
  • Water £15
  • Wifi £30
  • Electric £104
  • Cleaner £120
  • TV Licence
  • Insurance £27
  • Council Tax £143
  • Total £543
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-10-10
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Cherwell District Council
  • HMO License Required Yes
  • HMO License Expiry 2024-10-10
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Cherwell District Council
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £369

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FLOOR PLAN

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LOCATION

Banbury, OX16 5EZ, United Kingdom

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BROCHURE

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