Super 6 Bed Pro HMO

Fir St, Burnley, BB10

REF 4190

  • INVESTMENT

    £239,000

  • GROSS YIELD

    15%

  • ANNUAL RENT

    £35,856

AgentHMO default property
For Sale
  • INVESTMENT

    £239,000

  • GROSS YIELD

    15%

  • ANNUAL RENT

    £35,856

  • REF

    4190

DESCRIPTION

Incredible 6 Bed, 6 Bath HMO property

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
  • Wifi Enabled Heating
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £239,000
  • Gross Annual Rent £35,856
  • Gross Monthly Rent £2,988
  • Gross Yield 15%
  • Net Monthly Rent £2,330
  • Net Yield 11.7%
  • Min 25% Deposit Requirement £59,750
  • Monthly Mortgage Payment* £747
  • Monthly Cashflow £1,583

*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 £239,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage Single
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 57D
  • Size 1334 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage Single
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 57D
  • Size 1334 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
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Photos

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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
  • £498
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £498
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £498
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £498
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £498
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £498
  • Let
  • Double Room / Ensuite
  • Total £2988
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Costs

  • Gas £200
  • Water £35
  • Wifi £38
  • Electric £200
  • Cleaner £32
  • TV Licence £13
  • Insurance £22
  • Council Tax £118
  • Gas £200
  • Water £35
  • Wifi £38
  • Electric £200
  • Cleaner £32
  • TV Licence £13
  • Insurance £22
  • Council Tax £118
  • Total £658
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2028-08-16
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Burnley Council
  • HMO License Required Yes
  • HMO License Expiry 2028-08-16
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1000
  • Units of Accomodation 6
  • Licensing Authority Burnley Council
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Management

  • Type Local Agent
  • Management Rate 14%
  • Monthly Management £418

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FLOOR PLAN

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LOCATION

Fir Street, Burnley, BB10 4AL, 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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