REF 3784
INVESTMENT
£2,625,000
GROSS YIELD
12.09%
ANNUAL RENT
£317,472
This North Yorkshire HMO portfolio presents a solid investment opportunity, featuring nine fully let properties with a total of 54 units. The portfolio generates an annual rent of £317,472, with a gross yield of 12.09%, and nets a healthy 9.83% yield after operating expenses. With a high occupancy rate of 99%, the properties are leased under multi-tenancy AST agreements to professional tenants, ensuring reliable rental income. The management is handled by a local agent with a 10% management fee, offering hassle-free investment oversight. The monthly operational costs, including utilities and insurance, total approximately £4,950, keeping outgoings controlled.
The properties in this portfolio are fully refurbished and HMO compliant, offering a total of 52 ensuite rooms across various units. Features include modern shared kitchens, dining areas, and high-speed wireless broadband, making them highly attractive to tenants. Each property is equipped with an HMO-compliant fire alarm system, ensuring full safety standards are met. The strong demand for professional accommodation in the area further enhances the investment potential. With its mix of properties in Goole and Selby, this portfolio offers diversity in terms of unit types and locations, all benefiting from the area’s ongoing capital growth.
Located in Goole and Selby, the properties are well-positioned within regions experiencing strong rental demand. Both towns offer excellent transport links, local amenities, and a growing professional community, making them desirable locations for long-term tenants. The consistent occupancy rates reflect the high demand for quality HMO properties in this region, ensuring ongoing income stability for investors.
*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 £2,625,000.
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