Super X Bed Pro HMO

Whitley Road, Eastbourne, BN22

REF 4515

  • INVESTMENT

    £375,000

  • GROSS YIELD

    10.1%

  • ANNUAL RENT

    £37,860

AgentHMO default property
New Opp
  • INVESTMENT

    £375,000

  • GROSS YIELD

    10.1%

  • ANNUAL RENT

    £37,860

  • REF

    4515

DESCRIPTION

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Features

  • Fully Tenanted
  • 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 £375,000
  • Gross Annual Rent £37,860
  • Gross Monthly Rent £3,155
  • Gross Yield 10.1%
  • Net Monthly Rent £2,377
  • Net Yield 7.61%
  • Min 25% Deposit Requirement £93,750
  • Monthly Mortgage Payment* £1,172
  • Monthly Cashflow £1,205

*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 £375,000.

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Property

  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating 42E
  • Size 1152 ft²
  • Listed Building
  • Kitchens 1
  • Double 1
  • Double Ensuite 4
  • Ensuite Bathrooms 5
  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating 42E
  • Size 1152 ft²
  • Listed Building
  • Kitchens 1
  • Double 1
  • Double Ensuite 4
  • Ensuite Bathrooms 5
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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
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 5
  • Unit 1
  • £631
  • Double Room / Ensuite
  • Unit 2
  • £631
  • Double Room / Ensuite
  • Unit 3
  • £631
  • Double Room / Ensuite
  • Unit 4
  • £631
  • Double Room
  • Unit 5
  • £631
  • Double Room / Ensuite
  • Total £3155
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Costs

  • Gas £80
  • Water £30
  • Wifi £20
  • Electric £300
  • Cleaner £85
  • TV Licence £13
  • Insurance £80
  • Council Tax £170
  • Gas £80
  • Water £30
  • Wifi £20
  • Electric £300
  • Cleaner £85
  • TV Licence £13
  • Insurance £80
  • Council Tax £170
  • Total £778
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
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Management

  • Type Local Agent
  • Management Rate 6%
  • Monthly Management £189

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FLOOR PLAN

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LOCATION

Whitley Road, Eastbourne, BN22 8NE, United Kingdom

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BROCHURE

Download the investment brochure
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