Super 7 Bed Pro HMO

Prospect Road, Banbury, OX16

REF 4618

  • INVESTMENT

    £475,000

  • GROSS YIELD

    10.75%

  • ANNUAL RENT

    £51,060

AgentHMO default property
  • INVESTMENT

    £475,000

  • GROSS YIELD

    10.75%

  • ANNUAL RENT

    £51,060

  • REF

    4618

DESCRIPTION

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Features

  • Fully Tenanted
  • 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 £475,000
  • Gross Annual Rent £51,060
  • Gross Monthly Rent £4,255
  • Gross Yield 10.75%
  • Net Monthly Rent £3,427
  • Net Yield 8.66%
  • 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 £475,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size 99999 ft²
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 7
  • Kitchenettes 2
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 8
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size 99999 ft²
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 7
  • Kitchenettes 2
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 8
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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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • No. of Tenants
  • 99
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 99
  • Unit 1
  • £550
  • Unit 2
  • £420
  • Unit 3
  • £500
  • Unit 4
  • £530
  • Unit 5
  • £575
  • Unit 6
  • £450
  • Unit 7
  • £650
  • Unit 8
  • £580
  • Total £4255
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Costs

  • Gas £195
  • Water £86
  • Wifi £30
  • Electric £195
  • Cleaner £100
  • TV Licence
  • Insurance £54
  • Council Tax £168
  • Gas £195
  • Water £86
  • Wifi £30
  • Electric £195
  • Cleaner £100
  • TV Licence
  • Insurance £54
  • Council Tax £168
  • Total £828
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LICENSING

  • HMO License Required Yes
  • HMO License Required Yes
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Management

  • Management Rate 12%
  • Monthly Management £511

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FLOOR PLAN

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LOCATION

Prospect Road, Banbury, OX16 5HL, United Kingdom

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BROCHURE

Download the investment brochure
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