Super 16 Bed HMO For Sale

DESCRIPTION

Features

Fully Refurbished
Great Location
Strong Rental Demand
Capital Growth Potential
Wifi Enabled Heating
Wireless Broadband
Shared Kitchen Dining Area
Guaranteed Rent
Company Let

FINANCIALS

Investment £1,850,000
Gross Annual Rent £129,600
Gross Monthly Rent £10,800
Gross Yield 7.01%
Net Monthly Rent £9,935
Net Yield 6.44%

Min 25% Deposit Requirement £462,500
Monthly Mortgage Payment* £2,891
Monthly Cashflow £7,044

*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.

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 £1,850,000.

Property

Property Type House
Double Glazing Full
Sub Type Detached
Garage None
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking Off-Road
Condition Excellent
No Parking Spaces 5
Heating Electric
EPC Rating
Size 3110 ft²
Listed Building No

Single 12
Kitchens 1
Single Ensuite 4
Kitchenettes
Ensuite Bathrooms 4
Shared Bathrooms 3
Seperate WCs 1

Property Type House
Double Glazing Full
Sub Type Detached
Garage None
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking Off-Road
Condition Excellent
No Parking Spaces 5
Heating Electric
EPC Rating
Size 3110 ft²
Listed Building No

Single 12
Kitchens 1
Single Ensuite 4
Ensuite Bathrooms 4
Shared Bathrooms 3
Seperate WCs 1

Photos

VIRTUAL TOUR

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VIRTUAL TOUR NOT AVAILABLE

Rental

Tenant Type
Professional
12 Month Occupancy
100

Occupancy
Vacant
Tenancy Type
Single Tenancy (AST)

No. of Tenants
16

Tenant Type
Professional
Occupancy
Vacant
12 Month Occupancy
100
Tenancy Type
Single Tenancy (AST)
No. of Tenants
16

Unit 1
£675
Vacant
Single Room / Ensuite

Unit 2
£675
Vacant
Single Room / Ensuite

Unit 3
£675
Vacant
Single Room / Ensuite

Unit 4
£675
Vacant
Single Room / Ensuite

Unit 5
£675
Vacant
Single Room

Unit 6
£675
Vacant
Single Room

Unit 7
£675
Vacant
Single Room

Unit 8
£675
Vacant
Single Room

Unit 9
£675
Vacant
Single Room / Ensuite

Unit 10
£675
Vacant
Single Room

Unit 11
£675
Vacant
Single Room

Unit 12
£675
Vacant
Single Room

Unit 13
£675
Vacant
Single Room

Unit 14
£675
Vacant
Single Room

Unit 15
£675
Vacant
Single Room

Unit 16
£675
Vacant
Single Room

Total £10800

Costs

Gas
Water £100
Wifi £35
Electric £350
Cleaner £100
TV Licence
Insurance £130
Council Tax £150

Gas
Water £100
Wifi £35
Electric £350
Cleaner £100
TV Licence
Insurance £130
Council Tax £150

Total £865

LICENSING

HMO License Required Yes
HMO License in Place Pending
No of Persons 16
HMO Licensing Cost £1000
Units of Accomodation 16
Planning Use Class Sui Generis

HMO License Required Yes
HMO License in Place Pending
No of Persons 16
HMO Licensing Cost £1000
Units of Accomodation 16
Planning Use Class Sui Generis

Management

FLOOR PLAN

LOCATION

Victoria Drive, Bognor Regis, PO21 2DZ, United Kingdom

BROCHURE

Download the investment brochure

Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.