Super 6 Bed Pro HMO

Lamorna Avenue, Gravesend, Kent, DA12

REF 4573

  • INVESTMENT

    £525,000

  • GROSS YIELD

    12.69%

  • ANNUAL RENT

    £66,600

AgentHMO default property
  • INVESTMENT

    £525,000

  • GROSS YIELD

    12.69%

  • ANNUAL RENT

    £66,600

  • REF

    4573

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • 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 £525,000
  • Gross Annual Rent £66,600
  • Gross Monthly Rent £5,550
  • Gross Yield 12.69%
  • Net Monthly Rent £4,720
  • Net Yield 10.79%
  • Min 25% Deposit Requirement
  • Monthly Mortgage Payment*
  • Monthly Cashflow

*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 £525,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Electric
  • EPC Rating
  • Size 1389 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Electric
  • EPC Rating
  • Size 1389 ft²
  • Listed Building No
  • Kitchens 1
  • Kitchenettes 5
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
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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
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £900
  • Vacant
  • Double Room / Ensuite
  • Unit 2
  • £900
  • Vacant
  • Double Room / Ensuite
  • Unit 3
  • £950
  • Vacant
  • Double Room / Ensuite
  • Unit 4
  • £950
  • Vacant
  • Double Room / Ensuite
  • Unit 5
  • £950
  • Vacant
  • Double Room / Ensuite
  • Unit 6
  • £900
  • Vacant
  • Double Room / Ensuite
  • Total £5550
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Costs

  • Gas
  • Water £100
  • Wifi £50
  • Electric £300
  • Cleaner £50
  • TV Licence £50
  • Insurance £100
  • Council Tax £180
  • Gas
  • Water £100
  • Wifi £50
  • Electric £300
  • Cleaner £50
  • TV Licence £50
  • Insurance £100
  • Council Tax £180
  • Total £830
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Draft (approved)
  • No of Persons 6
  • HMO Licensing Cost £2000
  • Units of Accomodation 6
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License in Place Draft (approved)
  • No of Persons 6
  • HMO Licensing Cost £2000
  • Units of Accomodation 6
  • Planning Use Class C3
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £666

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FLOOR PLAN

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LOCATION

Lamorna Avenue, Gravesend, DA12 5PS, United Kingdom

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BROCHURE

Download the investment brochure
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