Super 7 Studio Pro HMO

North Parade, Derby, DE1

REF 4625

  • INVESTMENT

    £400,000

  • GROSS YIELD

    10.41%

  • ANNUAL RENT

    £41,640

AgentHMO default property
  • INVESTMENT

    £400,000

  • GROSS YIELD

    10.41%

  • ANNUAL RENT

    £41,640

  • REF

    4625

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 £400,000
  • Gross Annual Rent £41,640
  • Gross Monthly Rent £3,470
  • Gross Yield 10.41%
  • Net Monthly Rent £2,837
  • Net Yield 8.51%
  • 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 £400,000.

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Property

  • Property Type Freehold Block
  • Double Glazing Part
  • Sub Type Other
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 51E
  • Size 2680 ft²
  • Listed Building Yes
  • Kitchens 7
  • Ensuite Bathrooms 7
  • Studio 7
  • Seperate WCs 1
  • Property Type Freehold Block
  • Double Glazing Part
  • Sub Type Other
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 51E
  • Size 2680 ft²
  • Listed Building Yes
  • Kitchens 7
  • Ensuite Bathrooms 7
  • Studio 7
  • Seperate WCs 1
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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
  • 7
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 7
  • Unit 1
  • £425
  • Let
  • Studio
  • Unit 2
  • £550
  • Let
  • Studio
  • Unit 3
  • £605
  • Let
  • Studio
  • Unit 4
  • £485
  • Let
  • Studio
  • Unit 5
  • £425
  • Let
  • Studio
  • Unit 6
  • £485
  • Let
  • Studio
  • Unit 7
  • £495
  • Let
  • Studio
  • Total £3470
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Costs

  • Gas £265
  • Water £61
  • Wifi
  • Electric £230
  • Cleaner
  • TV Licence
  • Insurance £77
  • Council Tax
  • Gas £265
  • Water £61
  • Wifi
  • Electric £230
  • Cleaner
  • TV Licence
  • Insurance £77
  • Council Tax
  • Total £633
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 12
  • HMO Licensing Cost £1400
  • Units of Accomodation 7
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 12
  • HMO Licensing Cost £1400
  • Units of Accomodation 7
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed
  • Management Rate 12%
  • Monthly Management £416

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FLOOR PLAN

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LOCATION

North Parade, Derby, DE1 3AY, United Kingdom

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BROCHURE

Download the investment brochure
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