REF 4563
INVESTMENT
£575,000
GROSS YIELD
8.72%
ANNUAL RENT
£50,160
This six-bedroom HMO property, located at Kirdford Close in Crawley, offers a strong investment opportunity with a fully let tenancy and professional tenants. The property generates a monthly rental income of £4,180, equating to an annual rent of £50,160 and a gross yield of 8.72%. With net yields between 5.93% and 7.15%, this property provides consistent cash flow. The current management fee is 14%, handled by a local agent.
Operating costs, including utilities, council tax, and insurance, total approximately £754 per month, keeping overheads manageable.
The detached property is in excellent condition, featuring six ensuite double bedrooms across two storeys, making it highly attractive to tenants. Additional features include gas central heating, full double glazing, and high-speed WiFi throughout. The property also includes front and rear gardens but lacks off-road parking or a garage. The communal areas include a shared kitchen and reception room, creating a comfortable living environment. The property is HMO licensed, fully compliant with fire safety regulations, and wheelchair accessible, adding further appeal to potential tenants.
Located in Crawley, this property benefits from strong transport links, including easy access to Gatwick Airport, major motorways, and local amenities. Crawley is a sought-after area for professionals due to its excellent connectivity and growing business community. The high demand for quality rental properties in the region ensures that this HMO will maintain its 100% occupancy rate, offering a reliable and long-term investment option for property investors.
*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.
The fee charged to the buyer in addition to the purchase price.
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 £575,000.
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