Super 5 Bed Pro HMO

Earl Street, Grimsby, DN31

REF 4554

  • INVESTMENT

    £165,000

  • GROSS YIELD

    18.69%

  • ANNUAL RENT

    £30,840

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  • INVESTMENT

    £165,000

  • GROSS YIELD

    18.69%

  • ANNUAL RENT

    £30,840

  • REF

    4554

DESCRIPTION

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Features

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

  • Investment £165,000
  • Gross Annual Rent £30,840
  • Gross Monthly Rent £2,570
  • Gross Yield 18.69%
  • Net Monthly Rent £1,969
  • Net Yield 14.32%
  • Min 25% Deposit Requirement £41,250
  • Monthly Mortgage Payment* £516
  • Monthly Cashflow £1,453

*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 £165,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1313 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 3
  • Ensuite Bathrooms 3
  • Shared Bathrooms 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1313 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 3
  • Ensuite Bathrooms 3
  • Shared Bathrooms 2
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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
  • £550
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £550
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £550
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £420
  • Let
  • Double Room
  • Unit 5
  • £500
  • Let
  • Double Room
  • Total £2570
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Costs

  • Gas £175
  • Water £46
  • Wifi £62
  • Electric £145
  • Cleaner
  • TV Licence £13
  • Insurance £35
  • Council Tax £125
  • Gas £175
  • Water £46
  • Wifi £62
  • Electric £145
  • Cleaner
  • TV Licence £13
  • Insurance £35
  • Council Tax £125
  • Total £601
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • HMO Licensing Cost £1500
  • Units of Accomodation 5
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • HMO Licensing Cost £1500
  • Units of Accomodation 5
  • Planning Use Class C3
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Management

  • Type Self Managed
  • Management Rate 10%
  • Monthly Management £257

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FLOOR PLAN

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LOCATION

Earl Street, Grimsby, DN31 2LZ, United Kingdom

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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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