Super 7 Bed Pro HMO

Russell Street, Reading, RG1

REF 4363

  • INVESTMENT

    £650,000

  • GROSS YIELD

    8.44%

  • ANNUAL RENT

    £54,864

AgentHMO default property
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  • INVESTMENT

    £650,000

  • GROSS YIELD

    8.44%

  • ANNUAL RENT

    £54,864

  • REF

    4363

DESCRIPTION

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Features

  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £650,000
  • Gross Annual Rent £54,864
  • Gross Monthly Rent £4,572
  • Gross Yield 8.44%
  • Net Monthly Rent £3,327
  • Net Yield 6.14%
  • Min 25% Deposit Requirement £162,500
  • Monthly Mortgage Payment* £2,031
  • Monthly Cashflow £1,296

*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 £650,000.

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Property

  • Property Type House
  • Double Glazing None
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size 1915 ft²
  • Listed Building No
  • Kitchens 1
  • Double 7
  • Reception Rooms 1
  • Double Ensuite 7
  • Ensuite Bathrooms 7
  • Seperate WCs 1
  • Property Type House
  • Double Glazing None
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size 1915 ft²
  • Listed Building No
  • Kitchens 1
  • Double 7
  • Reception Rooms 1
  • Double Ensuite 7
  • Ensuite Bathrooms 7
  • Seperate WCs 1
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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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £762
  • Double Room / Ensuite
  • Unit 2
  • £762
  • Double Room / Ensuite
  • Unit 3
  • £762
  • Double Room / Ensuite
  • Unit 4
  • £762
  • Double Room / Ensuite
  • Unit 5
  • £762
  • Double Room / Ensuite
  • Unit 6
  • £762
  • Double Room / Ensuite
  • Total £4572
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Costs

  • Gas £400
  • Water £200
  • Wifi £50
  • Electric £200
  • Cleaner
  • TV Licence £15
  • Insurance £100
  • Council Tax £280
  • Gas £400
  • Water £200
  • Wifi £50
  • Electric £200
  • Cleaner
  • TV Licence £15
  • Insurance £100
  • Council Tax £280
  • Total £1,245
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LICENSING

  • HMO License Required Yes
  • Planning Use Class C1
  • HMO License Required Yes
  • Planning Use Class C1
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £457

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FLOOR PLAN

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LOCATION

Russell Street, Reading, RG1 7XG, United Kingdom

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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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