Super 6 Bed Student HMO For Sale | Agent HMO

Super 6 Bed Student HMO

Chelmsford St, Lincoln, LN5

REF 1165

  • INVESTMENT

    £350,000

  • GROSS YIELD

    9.81%

  • ANNUAL RENT

    £34,320

Super 6 Bed Student HMO For Sale
Coming Soon
  • INVESTMENT

    £350,000

  • GROSS YIELD

    9.81%

  • ANNUAL RENT

    £34,320

  • REF

    1165

DESCRIPTION

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Features

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

  • Investment £350,000
  • Gross Annual Rent £34,320
  • Gross Monthly Rent £2,860
  • Gross Yield 9.81%
  • Net Monthly Rent £2,501
  • Net Yield 8.57%
  • Min 25% Deposit Requirement £87,500
  • Monthly Mortgage Payment* £547
  • Monthly Cashflow £1,954

*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 £2,000

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 £2000 then the balance due on completion is £348,000.

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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 On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 63D
  • Size 1657 ft²
  • Listed Building No
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 2
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 63D
  • Size 1657 ft²
  • Listed Building No
  • Kitchens 1
  • Double 6
  • Reception Rooms 1
  • Shared Bathrooms 2
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Photos

Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
Super 6 Bed Student HMO For Sale
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VIRTUAL TOUR

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Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Student
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Joint Tenancy
  • No. of Tenants
  • 6
  • Tenant Type
  • Student
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Joint Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £480
  • Let
  • Double Room
  • Unit 2
  • £480
  • Let
  • Double Room
  • Unit 3
  • £460
  • Let
  • Double Room
  • Unit 4
  • £480
  • Let
  • Double Room
  • Unit 5
  • £480
  • Let
  • Double Room
  • Unit 6
  • £480
  • Let
  • Double Room
  • Total £2860
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Costs

  • Gas £80
  • Water £40
  • Wifi £40
  • Electric £80
  • Cleaner
  • TV Licence £12
  • Insurance £107
  • Council Tax
  • Gas £80
  • Water £40
  • Wifi £40
  • Electric £80
  • Cleaner
  • TV Licence £12
  • Insurance £107
  • Council Tax
  • Total £359
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-02-17
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Lincoln City Council
  • HMO License Required Yes
  • HMO License Expiry 2025-02-17
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Lincoln City Council
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Chelmsford Street, Lincoln, LN5 7LL, United Kingdom

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BROCHURE

Download the investment 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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