Super 6 Bed All Ensuite Pro HMO

Shellons St, Folkstone, CT20

REF 4142

  • INVESTMENT

    £335,000

  • GROSS YIELD

    11.61%

  • ANNUAL RENT

    £38,880

Super 6 Bed All Ensuite Pro HMO For Sale
For Sale
  • INVESTMENT

    £335,000

  • GROSS YIELD

    11.61%

  • ANNUAL RENT

    £38,880

  • REF

    4142

DESCRIPTION

This property, located in Folkestone, is an excellent investment opportunity for professional landlords looking for a fully operational HMO (House in Multiple Occupation). The property consists of six fully let double rooms, four of which include ensuite bathrooms. The current occupancy rate is 100%, and all tenants are professionals on Assured Shorthold Tenancies (AST). The monthly gross rental income stands at £3,240, generating a net yield of approximately 7.5% after accounting for operating expenses and management fees. With low vacancy risks and a solid rental track record, this investment offers strong, consistent returns.

The property spans four storeys and is of brick and tile construction with a freehold tenure. It features six spacious double rooms, a communal kitchen, and a shared reception room, providing tenants with ample living space. The property benefits from gas central heating, full double glazing, and a rear garden, although it lacks parking facilities. Its high-quality finish and excellent condition make it an attractive option for tenants, further enhancing its rental potential.

Situated in the coastal town of Folkestone, this property benefits from a central location with access to various local amenities, including shops, restaurants, and transport links. The town is well-connected, with easy access to the M20 motorway and Folkestone Central railway station, offering convenient travel options to London and other key areas. This property is ideally positioned for tenants seeking both convenience and a pleasant living environment.

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Features

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FINANCIALS

  • Investment £335,000
  • Gross Annual Rent £38,880
  • Gross Monthly Rent £3,240
  • Gross Yield 11.61%
  • Net Monthly Rent £2,095
  • Net Yield 7.5%
  • Min 25% Deposit Requirement £83,750
  • Monthly Mortgage Payment* £1,047
  • Monthly Cashflow £1,048

*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 £335,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 72C
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 72C
  • Size
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
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Photos

Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
Super 6 Bed All Ensuite Pro HMO For Sale
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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

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
  • £435
  • Let
  • Double Room
  • Unit 2
  • £525
  • Let
  • Double Room
  • Unit 3
  • £580
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £525
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £550
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £625
  • Let
  • Double Room / Ensuite
  • Total £3240
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Costs

  • Gas £350
  • Water £120
  • Wifi £75
  • Electric £200
  • Cleaner £160
  • TV Licence £15
  • Insurance £25
  • Council Tax £200
  • Gas £350
  • Water £120
  • Wifi £75
  • Electric £200
  • Cleaner £160
  • TV Licence £15
  • Insurance £25
  • Council Tax £200
  • Total £1,145
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-04-11
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Folkestone Council
  • HMO License Required Yes
  • HMO License Expiry 2024-04-11
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Folkestone Council
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £389

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FLOOR PLAN

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LOCATION

Shellons Street, Folkestone, CT20 1BP, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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