Super 19 Bed Pro HMO

Palmeria Ave westcliff on sea SS10

REF 4427

  • INVESTMENT

    £1,500,000

  • GROSS YIELD

    9.54%

  • ANNUAL RENT

    £143,160

AgentHMO default property
Coming Soon
  • INVESTMENT

    £1,500,000

  • GROSS YIELD

    9.54%

  • ANNUAL RENT

    £143,160

  • REF

    4427

DESCRIPTION

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Features

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FINANCIALS

  • Investment £1,500,000
  • Gross Annual Rent £143,160
  • Gross Monthly Rent £11,930
  • Gross Yield 9.54%
  • Net Monthly Rent £11,342
  • Net Yield 9.07%
  • Min 25% Deposit Requirement £375,000
  • Monthly Mortgage Payment* £4,688
  • Monthly Cashflow £6,655

*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 £1,500,000.

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Property

  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size 2960 ft²
  • Listed Building
  • Kitchens 2
  • Double 5
  • Double Ensuite 4
  • Ensuite Bathrooms 14
  • Studio 10
  • Shared Bathrooms 3
  • Seperate WCs 4
  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size 2960 ft²
  • Listed Building
  • Kitchens 2
  • Kitchenettes 19
  • Double 5
  • Double Ensuite 4
  • Ensuite Bathrooms 14
  • Studio 10
  • Shared Bathrooms 3
  • Seperate WCs 4
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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
  • 19
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 19
  • Unit 1
  • £600
  • Unit 2
  • £725
  • Unit 3
  • £680
  • Unit 4
  • £550
  • Unit 5
  • £725
  • Unit 6
  • £550
  • Unit 7
  • £550
  • Unit 8
  • £550
  • Unit 9
  • £700
  • Unit 10
  • £700
  • Unit 11
  • £725
  • Unit 12
  • £600
  • Unit 13
  • £600
  • Unit 14
  • £600
  • Unit 15
  • £600
  • Unit 16
  • £775
  • Unit 17
  • £500
  • Unit 18
  • £600
  • Unit 19
  • £600
  • Total £11930
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Costs

  • Gas
  • Water £90
  • Wifi £45
  • Electric £45
  • Cleaner £90
  • TV Licence
  • Insurance £108
  • Council Tax £210
  • Gas
  • Water £90
  • Wifi £45
  • Electric £45
  • Cleaner £90
  • TV Licence
  • Insurance £108
  • Council Tax £210
  • Total £588
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LICENSING

  • HMO License Required Yes
  • HMO License Required Yes
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Management

  • Type Self Managed
  • Management Rate 10%
  • Monthly Management £1,193

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FLOOR PLAN

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LOCATION

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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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