Epic 16 Bed HMO For Sale

DESCRIPTION

Features

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

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.

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.

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

Photos

VIRTUAL TOUR

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Rental

Tenant Type
Professional
12 Month Occupancy
100

Occupancy
Fully Let
Tenancy Type
Multi Tenancy

No. of Tenants
16

Tenant Type
Professional
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

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

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

Management

Type Self Managed

FLOOR PLAN

LOCATION

Belgrave Road, Ilford, IG1 3AP, 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 16 Bed HMO

Belgrave Road, Ilford, Essex, IG1