Epic 11 Bed HMO For Sale

DESCRIPTION

Brilliantly Located 11 Bed HMO

Features

Fully Tenanted
Great Location
Strong Rental Demand
Capital Growth Potential
Good Transport Links
Fully Managed
Wireless Broadband
HMO Compliant Fire Alarm

FINANCIALS

Investment £620,000
Gross Annual Rent £56,076
Gross Monthly Rent £4,673
Gross Yield 9.04%
Net Monthly Rent £3,472
Net Yield 6.72%

Min 25% Deposit Requirement £155,000
Monthly Mortgage Payment* £969
Monthly Cashflow £2,503

*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 £620,000.

Property

Property Type House
Double Glazing None
Sub Type Semi-Detached
Garage None
Tenure Freehold
Garden Rear
Construction Stone
Parking None
Condition Average
No Parking Spaces
Heating Gas Central Heating
EPC Rating 63D
Size 3218 ft²
Listed Building No

Kitchens 3
Single Ensuite 1
Kitchenettes 2
Reception Rooms 3
Double Ensuite 8
Ensuite Bathrooms 8
Studio 2
Seperate WCs 3

Property Type House
Double Glazing None
Sub Type Semi-Detached
Garage None
Tenure Freehold
Garden Rear
Construction Stone
Parking None
Condition Average
No Parking Spaces
Heating Gas Central Heating
EPC Rating 63D
Size 3218 ft²
Listed Building No

Kitchens 3
Single Ensuite 1
Kitchenettes 2
Reception Rooms 3
Double Ensuite 8
Ensuite Bathrooms 8
Studio 2
Seperate WCs 3

Photos

VIRTUAL TOUR

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VIRTUAL TOUR NOT AVAILABLE

Rental

Tenant Type
Professional
12 Month Occupancy
100

Occupancy
Fully Let
Tenancy Type
Multi Tenancy (AST)

No. of Tenants
11

Tenant Type
Professional
Occupancy
Fully Let
12 Month Occupancy
100
Tenancy Type
Multi Tenancy (AST)
No. of Tenants
11

Unit 1
£348
Let
Double Room / Ensuite

Unit 2
£325
Let
Single Room / Ensuite

Unit 3
£390
Let
Double Room / Ensuite

Unit 4
£650
Let
Studio

Unit 5
£650
Let
Studio

Unit 6
£390
Let
Double Room / Ensuite

Unit 7
£390
Let
Double Room / Ensuite

Unit 8
£390
Let
Double Room / Ensuite

Unit 9
£360
Let
Single Room / Ensuite

Unit 10
£390
Let
Double Room / Ensuite

Unit 11
£390
Let
Double Room / Ensuite

Total £4673

Costs

Gas £430
Water £270
Wifi £66
Electric £235
Cleaner
TV Licence
Insurance £54
Council Tax £146

Gas £430
Water £270
Wifi £66
Electric £235
Cleaner
TV Licence
Insurance £54
Council Tax £146

Total £1,201

LICENSING

HMO License Required Yes
HMO License Expiry 2022-02-02
HMO License in Place Yes
No of Persons 11
HMO Licensing Cost £1000
Units of Accomodation 11
Licensing Authority Plymouth City Council
Planning Use Class Sui Generis

HMO License Required Yes
HMO License Expiry 2022-02-02
HMO License in Place Yes
No of Persons 11
HMO Licensing Cost £1000
Units of Accomodation 11
Licensing Authority Plymouth City Council
Planning Use Class Sui Generis

Management

Type Self Managed

FLOOR PLAN

LOCATION

Plymouth, PL1 2HR, United Kingdom

BROCHURE

Download the investment brochure

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

Epic 11 Bed HMO

Sussex Street Plymouth, PL1