7 Bed HMO For Sale | Agent HMO

7 Bed HMO

Turpin Avenue, Romford, RM5

REF 1042

  • INVESTMENT

    £550,000

  • GROSS YIELD

    8.73%

  • ANNUAL RENT

    £48,000

AgentHMO default property
For Sale
  • INVESTMENT

    £550,000

  • GROSS YIELD

    8.73%

  • ANNUAL RENT

    £48,000

  • REF

    1042

DESCRIPTION

Epic 7 Bed HMO

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Features

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FINANCIALS

  • Investment £550,000
  • Gross Annual Rent £48,000
  • Gross Monthly Rent £4,000
  • Gross Yield 8.73%
  • Net Monthly Rent £3,265
  • Net Yield 7.12%
  • Min 25% Deposit Requirement £137,500
  • Monthly Mortgage Payment* £859
  • Monthly Cashflow £2,406

*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 £550,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size 1323 ft²
  • Listed Building No
  • Single 2
  • Kitchens 1
  • Double 5
  • Shared Bathrooms 2
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size 1323 ft²
  • Listed Building No
  • Single 2
  • Kitchens 1
  • Double 5
  • Shared Bathrooms 2
  • Seperate WCs 1
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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
  • Occupancy
  • Part Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • Tenant Type
  • Professional
  • Occupancy
  • Part Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • Unit 1
  • £600
  • Unit 2
  • £600
  • Unit 3
  • £600
  • Unit 4
  • £600
  • Unit 5
  • £600
  • Unit 6
  • £500
  • Unit 7
  • £500
  • Total £4000
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Costs

  • Gas £200
  • Water £50
  • Wifi £50
  • Electric £100
  • Cleaner £150
  • TV Licence £15
  • Insurance £20
  • Council Tax £150
  • Gas £200
  • Water £50
  • Wifi £50
  • Electric £100
  • Cleaner £150
  • TV Licence £15
  • Insurance £20
  • Council Tax £150
  • Total £735
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LICENSING

  • HMO License Required Yes
  • HMO License Required Yes
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Management

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FLOOR PLAN

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LOCATION

Turpin Avenue, Romford, RM5 2LU, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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