Fantastic Location 7 Bed (all en-suite) HMO Property

Kings Road, Doncaster DN1

REF 580

  • INVESTMENT

    £280,000

  • GROSS YIELD

    13.06%

  • ANNUAL RENT

    £36,564

AgentHMO default property
Sold
  • INVESTMENT

    £280,000

  • GROSS YIELD

    13.06%

  • ANNUAL RENT

    £36,564

  • REF

    580

DESCRIPTION

An excellent, fully let and licensed HMO property refurbished to an excellent standard, with trusted managing agent already in place. Comprising 7 units of accommodation, this fantastic HMO property provides investors with cash flow from day 1.

This existing HMO property is situated in the heart of Doncaster, with excellent proximity to the town centre, employment centres, very close to infrastructure and transport links.

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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 £280,000
  • Gross Annual Rent £36,564
  • Gross Monthly Rent £3,047
  • Gross Yield 13.06%
  • Net Monthly Rent £2,568
  • Net Yield 11.01%
  • Min 25% Deposit Requirement £70,000
  • Monthly Mortgage Payment* £875
  • Monthly Cashflow £1,693

*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 £280,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size
  • Listed Building
  • Kitchens 1
  • Double Ensuite 2
  • Ensuite Bathrooms 7
  • Studio 5
  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size
  • Listed Building
  • Kitchens 1
  • Kitchenettes 4
  • Double Ensuite 2
  • Ensuite Bathrooms 7
  • Studio 5
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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
  • Multi Tenancy (AST)
  • No. of Tenants
  • 7
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 7
  • Unit 1
  • £498
  • Double Room / Ensuite
  • Unit 2
  • £368
  • Double Room / Ensuite
  • Unit 3
  • £373
  • Double Room / Ensuite
  • Unit 4
  • £390
  • Double Room / Ensuite
  • Unit 5
  • £498
  • Double Room / Ensuite
  • Unit 6
  • £400
  • Double Room / Ensuite
  • Unit 7
  • £520
  • Double Room / Ensuite
  • Total £3047
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Costs

  • Gas £150
  • Water £45
  • Wifi £54
  • Electric £100
  • Cleaner
  • TV Licence
  • Insurance £40
  • Council Tax £90
  • Gas £150
  • Water £45
  • Wifi £54
  • Electric £100
  • Cleaner
  • TV Licence
  • Insurance £40
  • Council Tax £90
  • Total £479
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-06-01
  • HMO License in Place Yes
  • No of Persons 7
  • HMO Licensing Cost £800
  • Units of Accomodation 7
  • Licensing Authority Doncaster Council
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2025-06-01
  • HMO License in Place Yes
  • No of Persons 7
  • HMO Licensing Cost £800
  • Units of Accomodation 7
  • Licensing Authority Doncaster Council
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £366

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FLOOR PLAN

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LOCATION

Kings Road, Doncaster, DN1 2LU, United Kingdom

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BROCHURE

Download the investment 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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