Super 12 Bed Professional HMO

Park Road, Loughborough, Leicestershire, LE11

REF 4205

  • INVESTMENT

    £1,160,000

  • GROSS YIELD

    9.01%

  • ANNUAL RENT

    £104,520

AgentHMO default property
Coming Soon
  • INVESTMENT

    £1,160,000

  • GROSS YIELD

    9.01%

  • ANNUAL RENT

    £104,520

  • REF

    4205

DESCRIPTION

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Features

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

  • Investment £1,160,000
  • Gross Annual Rent £104,520
  • Gross Monthly Rent £8,710
  • Gross Yield 9.01%
  • Net Monthly Rent £7,145
  • Net Yield 7.39%
  • Min 25% Deposit Requirement £290,000
  • Monthly Mortgage Payment* £3,625
  • Monthly Cashflow £3,520

*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 £1,160,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 6
  • Heating Gas Central Heating
  • EPC Rating
  • Size 3229 ft²
  • Listed Building No
  • Kitchens 4
  • Studio 12
  • Property Type House
  • Double Glazing Part
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 6
  • Heating Gas Central Heating
  • EPC Rating
  • Size 3229 ft²
  • Listed Building No
  • Kitchens 4
  • Kitchenettes 12
  • Studio 12
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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
  • 12
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 12
  • Unit 1
  • £750
  • Let
  • Studio
  • Unit 2
  • £740
  • Let
  • Studio
  • Unit 3
  • £650
  • Let
  • Studio
  • Unit 4
  • £820
  • Let
  • Studio
  • Unit 5
  • £700
  • Let
  • Studio
  • Unit 6
  • £900
  • Let
  • Studio
  • Unit 7
  • £820
  • Let
  • Studio
  • Unit 8
  • £650
  • Let
  • Studio
  • Unit 9
  • £600
  • Let
  • Studio
  • Unit 10
  • £530
  • Let
  • Studio
  • Unit 11
  • £900
  • Let
  • Studio
  • Unit 12
  • £650
  • Let
  • Studio
  • Total £8710
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Costs

  • Gas £424
  • Water £74
  • Wifi £40
  • Electric £316
  • Cleaner £200
  • TV Licence
  • Insurance £66
  • Council Tax £445
  • Gas £424
  • Water £74
  • Wifi £40
  • Electric £316
  • Cleaner £200
  • TV Licence
  • Insurance £66
  • Council Tax £445
  • Total £1,565
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-10-20
  • HMO License in Place Yes
  • No of Persons 12
  • HMO Licensing Cost £1000
  • Units of Accomodation 12
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2024-10-20
  • HMO License in Place Yes
  • No of Persons 12
  • HMO Licensing Cost £1000
  • Units of Accomodation 12
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £1,045

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FLOOR PLAN

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LOCATION

Park Road, Loughborough, LE11 2HD, 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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