REF 4403
INVESTMENT
£1,500,000
GROSS YIELD
8.33%
ANNUAL RENT
£125,016
This 22-unit all ensuite HMO in Church Street, Wellington, Telford, offers a prime investment opportunity priced at £1,500,000. With an impressive gross yield of 8.33% and annual rent of £125,004, it provides strong financial returns. The property is fully tenanted under a new 10 year FRI lease, ensuring steady income. The net yield is also 8.33%, with minimal operating costs.
The property spans 3,380 sq ft and includes 22 double ensuite rooms, each with its own kitchenette. There are three communal kitchens, a rear garden, and parking for seven cars. Constructed from brick and tile, it features full double glazing and gas central heating. The building is in excellent condition, offering a hassle-free investment with no additional refurbishment required.
*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.
The fee charged to the buyer in addition to the purchase price.
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 £1,500,000.
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