Brilliant 4 Bed (all ensuite) Mini HMO

Rutland Street, Mansfield, NG18

REF 582

  • INVESTMENT

    £185,000

  • GROSS YIELD

    12.14%

  • ANNUAL RENT

    £22,464

AgentHMO default property
Sold
  • INVESTMENT

    £185,000

  • GROSS YIELD

    12.14%

  • ANNUAL RENT

    £22,464

  • REF

    582

DESCRIPTION

A brilliant fully let 4 Bed All En-Suite Mini HMO in the heart of Mansfield providing investors with excellent cash flow from day 1.

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

It has been fully let at 100% occupancy for the past 4 years due to brilliant tenant demand in the area.

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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 £185,000
  • Gross Annual Rent £22,464
  • Gross Monthly Rent £1,872
  • Gross Yield 12.14%
  • Net Monthly Rent £1,435
  • Net Yield 9.31%
  • Min 25% Deposit Requirement £46,250
  • Monthly Mortgage Payment* £578
  • Monthly Cashflow £857

*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 £185,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 2
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 2
  • Kitchenettes 2
  • Double Ensuite 4
  • Ensuite 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
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 4
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 4
  • Unit 1
  • £411
  • Double Room / Ensuite
  • Unit 2
  • £412
  • Double Room / Ensuite
  • Unit 3
  • £499
  • Double Room / Ensuite
  • Unit 4
  • £550
  • Studio
  • Total £1872
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Costs

  • Gas £139
  • Water £24
  • Wifi £54
  • Electric £100
  • Cleaner
  • TV Licence
  • Insurance £20
  • Council Tax £100
  • Gas £139
  • Water £24
  • Wifi £54
  • Electric £100
  • Cleaner
  • TV Licence
  • Insurance £20
  • Council Tax £100
  • Total £437
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LICENSING

  • HMO License Required No
  • HMO License in Place Yes
  • Planning Use Class C3
  • HMO License Required No
  • HMO License in Place Yes
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £225

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FLOOR PLAN

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LOCATION

Rutland Street, Mansfield, NG18 4AW, 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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