Super 6 Bed Professional HMO

Ripon Road, Stevenage, SG1

REF 3602

  • INVESTMENT

    £352,000

  • GROSS YIELD

    8.44%

  • ANNUAL RENT

    £29,700

AgentHMO default property
Sold
  • INVESTMENT

    £352,000

  • GROSS YIELD

    8.44%

  • ANNUAL RENT

    £29,700

  • REF

    3602

DESCRIPTION

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Features

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FINANCIALS

  • Investment £352,000
  • Gross Annual Rent £29,700
  • Gross Monthly Rent £2,475
  • Gross Yield 8.44%
  • Net Monthly Rent £1,975
  • Net Yield 6.73%
  • Min 25% Deposit Requirement £88,000
  • Monthly Mortgage Payment* £550
  • Monthly Cashflow £1,425

*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 £352,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 1
  • Heating Gas Central Heating
  • EPC Rating 63D
  • Size
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 1
  • Heating Gas Central Heating
  • EPC Rating 63D
  • Size
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
  • Seperate WCs 1
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Photos

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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
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £340
  • Double Room
  • Unit 2
  • £370
  • Double Room
  • Unit 3
  • £390
  • Double Room / Ensuite
  • Unit 4
  • £450
  • Double Room / Ensuite
  • Unit 5
  • £450
  • Double Room / Ensuite
  • Unit 6
  • £475
  • Double Room / Ensuite
  • Total £2475
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Costs

  • Gas £34
  • Water £48
  • Wifi £53
  • Electric £121
  • Cleaner £71
  • TV Licence £13
  • Insurance £19
  • Council Tax £141
  • Gas £34
  • Water £48
  • Wifi £53
  • Electric £121
  • Cleaner £71
  • TV Licence £13
  • Insurance £19
  • Council Tax £141
  • Total £500
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LICENSING

Management

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FLOOR PLAN

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LOCATION

Ripon Road, Stevenage, SG1 4LP, 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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