Super 7 Bed HMO

Sussex Street Plymouth, PL1

REF 1059

  • INVESTMENT

    £400,000

  • GROSS YIELD

    8.9%

  • ANNUAL RENT

    £35,616

Super 7 Bed HMO For Sale
Sold
  • INVESTMENT

    £400,000

  • GROSS YIELD

    8.9%

  • ANNUAL RENT

    £35,616

  • REF

    1059

DESCRIPTION

Brilliantly Located 7 Bed HMO

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Features

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

  • Investment £400,000
  • Gross Annual Rent £35,616
  • Gross Monthly Rent £2,968
  • Gross Yield 8.9%
  • Net Monthly Rent £2,140
  • Net Yield 6.42%
  • Min 25% Deposit Requirement £100,000
  • Monthly Mortgage Payment* £1,250
  • Monthly Cashflow £890

*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 £400,000.

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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 59D
  • Size 2809 ft²
  • Listed Building No
  • Kitchens 4
  • Single Ensuite 1
  • Kitchenettes
  • Reception Rooms 3
  • Double Ensuite 5
  • Ensuite Bathrooms 7
  • Studio 1
  • Seperate WCs 4
  • 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 59D
  • Size 2809 ft²
  • Listed Building No
  • Kitchens 4
  • Single Ensuite 1
  • Reception Rooms 3
  • Double Ensuite 5
  • Ensuite Bathrooms 7
  • Studio 1
  • Seperate WCs 4
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Photos

Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 Bed HMO For Sale
Super 7 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
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 7
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 7
  • Unit 1
  • £390
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £325
  • Let
  • Single Room / Ensuite
  • Unit 3
  • £650
  • Let
  • Studio
  • Unit 4
  • £390
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £433
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £390
  • Let
  • Double Room / Ensuite
  • Unit 7
  • £390
  • Let
  • Double Room / Ensuite
  • Total £2968
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Costs

  • Gas £202
  • Water £188
  • Wifi £48
  • Electric £263
  • Cleaner
  • TV Licence
  • Insurance £34
  • Council Tax £93
  • Gas £202
  • Water £188
  • Wifi £48
  • Electric £263
  • Cleaner
  • TV Licence
  • Insurance £34
  • Council Tax £93
  • Total £828
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2022-02-02
  • HMO License in Place Yes
  • No of Persons 7
  • HMO Licensing Cost £1000
  • Units of Accomodation 7
  • 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 7
  • HMO Licensing Cost £1000
  • Units of Accomodation 7
  • Licensing Authority Plymouth City Council
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Plymouth, PL1 2HR, United Kingdom

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BROCHURE

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