Super 26 Bed Pro HMO

Unthank Road, Norwich, NR2

REF 4545

  • INVESTMENT

    £2,400,000

  • GROSS YIELD

    9.69%

  • ANNUAL RENT

    £232,440

AgentHMO default property
  • INVESTMENT

    £2,400,000

  • GROSS YIELD

    9.69%

  • ANNUAL RENT

    £232,440

  • REF

    4545

DESCRIPTION

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Features

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

  • Investment £2,400,000
  • Gross Annual Rent £232,440
  • Gross Monthly Rent £19,370
  • Gross Yield 9.69%
  • Net Monthly Rent £1,475
  • Net Yield 0.74%
  • Min 25% Deposit Requirement £600,000
  • Monthly Mortgage Payment* £7,500
  • Monthly Cashflow £-6,775

*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 £2,400,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 6867 ft²
  • Listed Building No
  • Kitchens 3
  • Reception Rooms 4
  • Double Ensuite 26
  • Ensuite Bathrooms 26
  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 6867 ft²
  • Listed Building No
  • Kitchens 3
  • Reception Rooms 4
  • Double Ensuite 26
  • Ensuite Bathrooms 26
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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
  • 26
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 26
  • Unit 1
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £835
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £785
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £800
  • Let
  • Double Room / Ensuite
  • Unit 7
  • £685
  • Let
  • Double Room / Ensuite
  • Unit 8
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 9
  • £800
  • Let
  • Double Room / Ensuite
  • Unit 10
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 11
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 12
  • £800
  • Let
  • Double Room / Ensuite
  • Unit 13
  • £850
  • Let
  • Double Room / Ensuite
  • Unit 14
  • £650
  • Let
  • Double Room / Ensuite
  • Unit 15
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 16
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 17
  • £800
  • Let
  • Double Room / Ensuite
  • Unit 18
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 19
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 20
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 21
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 22
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 23
  • £865
  • Let
  • Double Room / Ensuite
  • Unit 24
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 25
  • £750
  • Let
  • Double Room / Ensuite
  • Unit 26
  • £750
  • Let
  • Double Room / Ensuite
  • Total £19370
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Costs

  • Gas £2,500
  • Water £1,000
  • Wifi £892
  • Electric £2,500
  • Cleaner £1,560
  • TV Licence £689
  • Insurance £1,806
  • Council Tax £6,948
  • Gas £2,500
  • Water £1,000
  • Wifi £892
  • Electric £2,500
  • Cleaner £1,560
  • TV Licence £689
  • Insurance £1,806
  • Council Tax £6,948
  • Total £17,895
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 26
  • HMO Licensing Cost £1500
  • Units of Accomodation 26
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 26
  • HMO Licensing Cost £1500
  • Units of Accomodation 26
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £1,783

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FLOOR PLAN

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LOCATION

Unthank Road, Norwich, NR2 2RW, United Kingdom

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BROCHURE

Download the investment brochure
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