REF 3704
INVESTMENT
£1,000,000
GROSS YIELD
8.41%
ANNUAL RENT
£84,060
This excellent investment opportunity is a fully licensed 11-bedroom HMO (House in Multiple Occupation) located at Willowfield Road, Eastbourne, BN22. The property is currently fully let under a company let arrangement with a single AST (Assured Shorthold Tenancy), generating a strong gross monthly rent of £7,005 and achieving an impressive annual rental income of £84,060. With a forecasted net yield of 7.54%, this property offers a robust return on investment, supported by high rental demand and guaranteed occupancy. Operating costs are approximately £719 per month, covering essentials such as gas, electricity, broadband, and cleaning services, ensuring a smooth and cost-efficient operation. The HMO license, valid until September 2027, allows for up to 12 occupants across 11 ensuite units, offering a secure and compliant investment vehicle.
Property Details
This end-of-terrace property, built with brick and tile construction, spans three storeys and is in excellent condition following a recent refurbishment. Designed to meet the needs of professional tenants, the HMO offers six single ensuite rooms and five double ensuite rooms, providing comfortable and private accommodation. The communal areas are well-appointed, featuring two fully equipped kitchens that cater to the needs of all occupants. Modern amenities include full double glazing, gas central heating, and high-speed wireless broadband, enhancing the living experience. Externally, the property benefits from a rear garden and on-road parking. It is self-managed, further maximizing the net returns for investors by reducing management fees.
Location Description
Situated in a highly sought-after location in Eastbourne, this property benefits from strong transport links and local amenities. Eastbourne is a thriving coastal town with a growing population and demand for rental properties, particularly in well-connected areas like Willowfield Road. The property is conveniently located near public transport l
*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.
The fee charged to the buyer in addition to the purchase price.
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 £1,000,000.
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