Super 13 Bed Pro HMO + Development Potential

Cranes Park Avenue, Surbiton, Surrey KT5

REF 4419

  • INVESTMENT

    £1,600,000

  • GROSS YIELD

    8.11%

  • ANNUAL RENT

    £129,792

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  • INVESTMENT

    £1,600,000

  • GROSS YIELD

    8.11%

  • ANNUAL RENT

    £129,792

  • REF

    4419

DESCRIPTION

Incredible HMO Property with land for further development

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Features

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

  • Investment £1,600,000
  • Gross Annual Rent £129,792
  • Gross Monthly Rent £10,816
  • Gross Yield 8.11%
  • Net Monthly Rent £8,466
  • Net Yield 6.35%
  • Min 25% Deposit Requirement £400,000
  • Monthly Mortgage Payment* £5,000
  • Monthly Cashflow £3,466

*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 £1,600,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Detached
  • Garage Double
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 1
  • Heating Gas Central Heating
  • EPC Rating
  • Size 4000 ft²
  • Listed Building No
  • Single 11
  • Kitchens 2
  • Double 2
  • Reception Rooms 1
  • Studio 1
  • Shared Bathrooms 3
  • 1 Bed Flat 1
  • Seperate WCs 3
  • Property Type House
  • Double Glazing Part
  • Sub Type Detached
  • Garage Double
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces 1
  • Heating Gas Central Heating
  • EPC Rating
  • Size 4000 ft²
  • Listed Building No
  • Single 11
  • Kitchens 2
  • Double 2
  • Reception Rooms 1
  • Studio 1
  • Shared Bathrooms 3
  • 1 Bed Flat 1
  • Seperate WCs 3
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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
  • 99
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 99
  • Unit 1
  • £725
  • Let
  • Double Room
  • Unit 2
  • £800
  • Let
  • Double Room
  • Unit 3
  • £667
  • Let
  • Double Room
  • Unit 4
  • £790
  • Let
  • Double Room
  • Unit 5
  • £742
  • Let
  • Double Room
  • Unit 6
  • £825
  • Let
  • Double Room
  • Unit 7
  • £800
  • Let
  • Double Room
  • Unit 8
  • £850
  • Let
  • Double Room
  • Unit 9
  • £742
  • Let
  • Double Room
  • Unit 10
  • £800
  • Let
  • Double Room
  • Unit 11
  • £800
  • Let
  • Double Room
  • Unit 12
  • £1300
  • Let
  • 1 Bed Flat
  • Unit 13
  • £975
  • Let
  • Studio
  • Total £10816
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Costs

  • Gas £850
  • Water £100
  • Wifi £200
  • Electric £300
  • Cleaner £390
  • TV Licence £13
  • Insurance £123
  • Council Tax £374
  • Gas £850
  • Water £100
  • Wifi £200
  • Electric £300
  • Cleaner £390
  • TV Licence £13
  • Insurance £123
  • Council Tax £374
  • Total £2,350
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Pending
  • No of Persons 13
  • HMO Licensing Cost £2500
  • Units of Accomodation 11
  • Licensing Authority Kingston Borough Council
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License in Place Pending
  • No of Persons 13
  • HMO Licensing Cost £2500
  • Units of Accomodation 11
  • Licensing Authority Kingston Borough Council
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed
  • Management Rate 15%
  • Monthly Management £1,622

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FLOOR PLAN

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LOCATION

Cranes Park Avenue, Surbiton, KT5 8BX, 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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