Epic 16 Bed HMO For Sale | Agent HMO

Epic 16 Bed HMO

Belgrave Road, Ilford, Essex, IG1

REF 1107

  • INVESTMENT

    £1,500,000

  • GROSS YIELD

    7.97%

  • ANNUAL RENT

    £119,520

Epic 16 Bed HMO For Sale
Coming Soon
  • INVESTMENT

    £1,500,000

  • GROSS YIELD

    7.97%

  • ANNUAL RENT

    £119,520

  • REF

    1107

DESCRIPTION

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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 £1,500,000
  • Gross Annual Rent £119,520
  • Gross Monthly Rent £9,960
  • Gross Yield 7.97%
  • Net Monthly Rent £8,896
  • Net Yield 7.12%
  • Min 25% Deposit Requirement £375,000
  • Monthly Mortgage Payment* £2,344
  • Monthly Cashflow £6,552

*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 £1,500,000.

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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 Off-Road
  • Condition Good
  • No Parking Spaces 7
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Single 13
  • Kitchens 2
  • Double 3
  • Shared Bathrooms 3
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 7
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Single 13
  • Kitchens 2
  • Double 3
  • Shared Bathrooms 3
  • Seperate WCs 1
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Photos

Epic 16 Bed HMO For Sale
Epic 16 Bed HMO For Sale
Epic 16 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
  • 16
  • Tenant Type
  • Working
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 16
  • Unit 1
  • £563
  • Let
  • Single Room
  • Unit 2
  • £563
  • Let
  • Single Room
  • Unit 3
  • £563
  • Let
  • Single Room
  • Unit 4
  • £563
  • Let
  • Single Room
  • Unit 5
  • £563
  • Let
  • Single Room
  • Unit 6
  • £563
  • Let
  • Single Room
  • Unit 7
  • £563
  • Let
  • Single Room
  • Unit 8
  • £563
  • Let
  • Single Room
  • Unit 9
  • £563
  • Let
  • Single Room
  • Unit 10
  • £563
  • Let
  • Single Room
  • Unit 11
  • £563
  • Let
  • Single Room
  • Unit 12
  • £563
  • Let
  • Single Room
  • Unit 13
  • £606
  • Let
  • Single Room
  • Unit 14
  • £866
  • Let
  • Single Room
  • Unit 15
  • £866
  • Let
  • Single Room
  • Unit 16
  • £866
  • Let
  • Single Room
  • Total £9960
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Costs

  • Gas £100
  • Water £50
  • Wifi £31
  • Electric £100
  • Cleaner £560
  • TV Licence £13
  • Insurance £40
  • Council Tax £170
  • Gas £100
  • Water £50
  • Wifi £31
  • Electric £100
  • Cleaner £560
  • TV Licence £13
  • Insurance £40
  • Council Tax £170
  • Total £1,064
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2023-10-23
  • HMO License in Place Yes
  • No of Persons 13
  • HMO Licensing Cost £10000
  • Units of Accomodation 15
  • Licensing Authority Redbridge
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2023-10-23
  • HMO License in Place Yes
  • No of Persons 13
  • HMO Licensing Cost £10000
  • Units of Accomodation 15
  • Licensing Authority Redbridge
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Belgrave Road, Ilford, IG1 3AP, 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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