Super 4 Bed Pro HMO

Old Orchard Rd, Eastbourne BN21

REF 4115

  • INVESTMENT

    £350,000

  • GROSS YIELD

    7.85%

  • ANNUAL RENT

    £27,480

AgentHMO default property
Coming Soon
  • INVESTMENT

    £350,000

  • GROSS YIELD

    7.85%

  • ANNUAL RENT

    £27,480

  • REF

    4115

DESCRIPTION

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Features

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FINANCIALS

  • Investment £350,000
  • Gross Annual Rent £27,480
  • Gross Monthly Rent £2,290
  • Gross Yield 7.85%
  • Net Monthly Rent £1,710
  • Net Yield 5.86%
  • Min 25% Deposit Requirement £87,500
  • Monthly Mortgage Payment* £547
  • Monthly Cashflow £1,163

*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 £350,000.

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Property

  • Property Type Flat
  • Double Glazing Full
  • Sub Type Flat
  • Garage None
  • Tenure Share of Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 4
  • Double Ensuite 2
  • Ensuite Bathrooms 2
  • Shared Bathrooms 1
  • Property Type Flat
  • Double Glazing Full
  • Sub Type Flat
  • Garage None
  • Tenure Share of Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 4
  • Double Ensuite 2
  • Ensuite Bathrooms 2
  • Shared Bathrooms 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
  • Occupancy
  • Tenancy Type
  • No. of Tenants
  • 4
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 4
  • Unit 1
  • £550
  • Double Room
  • Unit 2
  • £575
  • Unit 3
  • £650
  • Unit 4
  • £515
  • Total £2290
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Costs

  • Gas £107
  • Water £29
  • Wifi £25
  • Electric £138
  • Cleaner £66
  • TV Licence £13
  • Insurance £19
  • Council Tax £183
  • Gas £107
  • Water £29
  • Wifi £25
  • Electric £138
  • Cleaner £66
  • TV Licence £13
  • Insurance £19
  • Council Tax £183
  • Total £580
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LICENSING

Management

  • Type Local Agent
  • Management Rate 8%
  • Monthly Management £183

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FLOOR PLAN

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LOCATION

Old Orchard Road, Eastbourne, BN21 1DD, 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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