Super 10 Bed All Ensuite Pro HMO

High Street, Banbury, Cherwell, Oxfordshire, OX16

REF 4518

  • INVESTMENT

    £1,000,000

  • GROSS YIELD

    8.56%

  • ANNUAL RENT

    £85,620

AgentHMO default property
  • INVESTMENT

    £1,000,000

  • GROSS YIELD

    8.56%

  • ANNUAL RENT

    £85,620

  • REF

    4518

DESCRIPTION

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Features

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FINANCIALS

  • Investment £1,000,000
  • Gross Annual Rent £85,620
  • Gross Monthly Rent £7,135
  • Gross Yield 8.56%
  • Net Monthly Rent £5,689
  • Net Yield 6.83%
  • Min 25% Deposit Requirement £250,000
  • Monthly Mortgage Payment* £3,125
  • Monthly Cashflow £2,564

*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 £1,000,000.

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Property

  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
  • Property Type
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
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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
  • 10
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 10
  • Unit 1
  • £525
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £825
  • Double Room / Ensuite
  • Unit 3
  • £675
  • Double Room / Ensuite
  • Unit 4
  • £780
  • Double Room / Ensuite
  • Unit 5
  • £685
  • Double Room / Ensuite
  • Unit 6
  • £750
  • Double Room / Ensuite
  • Unit 7
  • £755
  • Double Room / Ensuite
  • Unit 8
  • £695
  • Double Room / Ensuite
  • Unit 9
  • £695
  • Double Room / Ensuite
  • Unit 10
  • £750
  • Double Room / Ensuite
  • Total £7135
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Costs

  • Gas £251
  • Water £100
  • Wifi £32
  • Electric £400
  • Cleaner £200
  • TV Licence £13
  • Insurance £50
  • Council Tax £400
  • Gas £251
  • Water £100
  • Wifi £32
  • Electric £400
  • Cleaner £200
  • TV Licence £13
  • Insurance £50
  • Council Tax £400
  • Total £1,446
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LICENSING

  • HMO License Required Yes
  • HMO License Required Yes
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £856

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FLOOR PLAN

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LOCATION

High Street, Banbury, OX16 5ET, United Kingdom

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BROCHURE

Download the investment brochure
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