Super 6 Bed HMO

Foxley Place, Loughton, MK5

REF 1168

  • INVESTMENT

    £925,000

  • GROSS YIELD

    4.37%

  • ANNUAL RENT

    £40,380

Super 6 Bed HMO For Sale
Sold
  • INVESTMENT

    £925,000

  • GROSS YIELD

    4.37%

  • ANNUAL RENT

    £40,380

  • REF

    1168

DESCRIPTION

A superb long-standing fully let professional 6 bed HMO property in an A1 location.
This property has been an HMO for the last 10 years running successfully thanks to the nature of its location and proximity to the town centre.
This brilliantly laid out property is perfect for a continuing HMO investment or could very easily be converted back to a single family dwelling.

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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 £925,000
  • Gross Annual Rent £40,380
  • Gross Monthly Rent £3,365
  • Gross Yield 4.37%
  • Net Monthly Rent £2,892
  • Net Yield 3.75%
  • Min 25% Deposit Requirement £231,250
  • Monthly Mortgage Payment* £1,445
  • Monthly Cashflow £1,447

*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 £923,000.

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Property

  • Property Type House
  • Double Glazing None
  • Sub Type Detached
  • Garage Single
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 77C
  • Size 1539 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 2
  • Seperate WCs 1
  • Property Type House
  • Double Glazing None
  • Sub Type Detached
  • Garage Single
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 77C
  • Size 1539 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 2
  • Seperate WCs 1
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Photos

Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 Bed HMO For Sale
Super 6 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
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £690
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £470
  • Let
  • Single Room
  • Unit 3
  • £500
  • Let
  • Double Room
  • Unit 4
  • £550
  • Let
  • Double Room
  • Unit 5
  • £575
  • Let
  • Double Room
  • Unit 6
  • £580
  • Let
  • Double Room
  • Total £3365
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Costs

  • Gas £74
  • Water £34
  • Wifi £26
  • Electric £61
  • Cleaner
  • TV Licence £13
  • Insurance £45
  • Council Tax £220
  • Gas £74
  • Water £34
  • Wifi £26
  • Electric £61
  • Cleaner
  • TV Licence £13
  • Insurance £45
  • Council Tax £220
  • Total £473
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-08-28
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £1200
  • Units of Accomodation 6
  • Licensing Authority Milton Keynes Council
  • HMO License Required Yes
  • HMO License Expiry 2025-08-28
  • HMO License in Place Yes
  • No of Persons 8
  • HMO Licensing Cost £1200
  • Units of Accomodation 6
  • Licensing Authority Milton Keynes Council
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Foxley Place, Loughton, Milton Keynes, MK5 8BU, 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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