Large Established 9 Bed Professional HMO Property

Clifton Drive North Lytham St.Annes Lancashire FY8

REF 514

  • INVESTMENT

    £650,000

  • GROSS YIELD

    7%

  • ANNUAL RENT

    £45,468

AgentHMO default property
Sold
  • INVESTMENT

    £650,000

  • GROSS YIELD

    7%

  • ANNUAL RENT

    £45,468

  • REF

    514

DESCRIPTION

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Features

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

  • Investment £650,000
  • Gross Annual Rent £45,468
  • Gross Monthly Rent £3,789
  • Gross Yield 7%
  • Net Monthly Rent £3,789
  • Net Yield 7%
  • Min 25% Deposit Requirement £162,500
  • Monthly Mortgage Payment* £2,031
  • Monthly Cashflow £1,758

*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 £650,000.

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Property

  • Property Type
  • Double Glazing Full
  • Sub Type Detached House
  • Garage
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 5
  • Double 4
  • Double Ensuite 5
  • Shared Bathrooms 4
  • Property Type
  • Double Glazing Full
  • Sub Type Detached House
  • Garage
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 5
  • Double 4
  • Double Ensuite 5
  • Shared Bathrooms 4
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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
  • Tenancy Type
  • No. of Tenants
  • 9
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 9
  • Unit 1
  • £421
  • Double Room
  • Unit 2
  • £421
  • Double Room
  • Unit 3
  • £421
  • Double Room
  • Unit 4
  • £421
  • Double Room
  • Unit 5
  • £421
  • Double Room
  • Unit 6
  • £421
  • Double Room / Ensuite
  • Unit 7
  • £421
  • Double Room / Ensuite
  • Unit 8
  • £421
  • Double Room / Ensuite
  • Unit 9
  • £421
  • Double Room
  • Total £3789
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Costs

  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Total £0
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 12
  • Units of Accomodation 11
  • Planning Use Class C4
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 12
  • Units of Accomodation 11
  • Planning Use Class C4
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Management

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FLOOR PLAN

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LOCATION

Clifton Drive North, Lytham Saint Annes, FY8 2PA, United Kingdom

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BROCHURE

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This property is now Sold. For more like it you can leave your details and we will be in touch to discuss.
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