Superb 8 Bed Pro HMO & 1 Commercial Unit

Argyle Street, Goole DN14

REF 4195

  • INVESTMENT

    £450,000

  • GROSS YIELD

    15.37%

  • ANNUAL RENT

    £69,180

Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Under Offer
  • INVESTMENT

    £450,000

  • GROSS YIELD

    15.37%

  • ANNUAL RENT

    £69,180

  • REF

    4195

DESCRIPTION

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Features

  • 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 £450,000
  • Gross Annual Rent £69,180
  • Gross Monthly Rent £5,765
  • Gross Yield 15.37%
  • Net Monthly Rent £4,337
  • Net Yield 11.57%
  • Min 25% Deposit Requirement £112,500
  • Monthly Mortgage Payment* £1,406
  • Monthly Cashflow £2,931

*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 £450,000.

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Property

  • Property Type Block
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1900 ft²
  • Listed Building No
  • Kitchens 3
  • Double Ensuite 8
  • Ensuite Bathrooms 8
  • Property Type Block
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1900 ft²
  • Listed Building No
  • Kitchens 3
  • Double Ensuite 8
  • Ensuite Bathrooms 8
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Photos

Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
Superb 8 Bed Pro HMO & 1 Commercial Unit For Sale
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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
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 9
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 9
  • Unit 1
  • £500
  • Let
  • Shop (Retail)
  • Unit 2
  • £715
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 7
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 8
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 9
  • £650
  • Let
  • Double Room / Ensuite
  • Total £5765
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Costs

  • Gas £400
  • Water £60
  • Wifi £35
  • Electric £400
  • Cleaner £100
  • TV Licence
  • Insurance £30
  • Council Tax £403
  • Gas £400
  • Water £60
  • Wifi £35
  • Electric £400
  • Cleaner £100
  • TV Licence
  • Insurance £30
  • Council Tax £403
  • Total £1,428
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LICENSING

  • HMO License Required No
  • Planning Use Class Sui Generis
  • HMO License Required No
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £577

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FLOOR PLAN

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LOCATION

Argyle Street, Goole, DN14 5EW, United Kingdom

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BROCHURE

Download the investment brochure
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This property is currently under offer, but make sure you leave your details incase anything changes.
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