Epic 5 Bed Professional HMO

Greenbank Road, Darlington, DL3

REF 1171

  • INVESTMENT

    £220,000

  • GROSS YIELD

    11.51%

  • ANNUAL RENT

    £25,320

Epic 5 Bed Professional HMO For Sale
Coming Soon
  • INVESTMENT

    £220,000

  • GROSS YIELD

    11.51%

  • ANNUAL RENT

    £25,320

  • REF

    1171

DESCRIPTION

Super 5 bed HMO right next to Darlington Hospital. Next door sold for £210,000

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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 £220,000
  • Gross Annual Rent £25,320
  • Gross Monthly Rent £2,110
  • Gross Yield 11.51%
  • Net Monthly Rent £1,768
  • Net Yield 9.64%
  • Min 25% Deposit Requirement £55,000
  • Monthly Mortgage Payment* £344
  • Monthly Cashflow £1,424

*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 £220,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 50E
  • Size 1571 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 1
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 50E
  • Size 1571 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 1
  • Seperate WCs 1
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Photos

Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional HMO For Sale
Epic 5 Bed Professional 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
  • 6
  • Tenant Type
  • Working
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £450
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £390
  • Let
  • Double Room
  • Unit 3
  • £360
  • Let
  • Double Room
  • Unit 4
  • £350
  • Let
  • Double Room
  • Unit 5
  • £300
  • Let
  • Double Room
  • Unit 6
  • £260
  • Let
  • Double Room
  • Total £2110
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Costs

  • Gas £70
  • Water £40
  • Wifi £23
  • Electric £50
  • Cleaner
  • TV Licence £14
  • Insurance £25
  • Council Tax £120
  • Gas £70
  • Water £40
  • Wifi £23
  • Electric £50
  • Cleaner
  • TV Licence £14
  • Insurance £25
  • Council Tax £120
  • Total £342
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-09-24
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Darlington Borough Council
  • HMO License Required Yes
  • HMO License Expiry 2025-09-24
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Darlington Borough Council
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Greenbank Road, Darlington, DL3 6EN, 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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