Brilliant Fully Let 8 Bedroom HMO For Sale

DESCRIPTION

Features

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

FINANCIALS

Investment £260,000
Gross Annual Rent £33,120
Gross Monthly Rent £2,760
Gross Yield 12.74%
Net Monthly Rent £2,280
Net Yield 10.52%

Min 25% Deposit Requirement £65,000
Monthly Mortgage Payment* £406
Monthly Cashflow £1,874

*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.

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 £260,000.

Property

Property Type House
Double Glazing Part
Sub Type Detached
Garage Double
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking Off-Road
Condition Good
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Double 6
Reception Rooms 1
Ensuite Bathrooms 2
Studio 2
Shared Bathrooms 2

Property Type House
Double Glazing Part
Sub Type Detached
Garage Double
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking Off-Road
Condition Good
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Kitchenettes 2
Double 6
Reception Rooms 1
Ensuite Bathrooms 2
Studio 2
Shared Bathrooms 2

Photos

VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

VIRTUAL TOUR NOT AVAILABLE

Use the most immersive way to experience a property online. Take a virtual tour.

VIRTUAL TOUR NOT AVAILABLE

Rental

Tenant Type
Professional
12 Month Occupancy

Occupancy
Tenancy Type

No. of Tenants
8

Tenant Type
Professional
Occupancy
12 Month Occupancy
Tenancy Type
No. of Tenants
8

Unit 1
£325
Double Room

Unit 2
£325
Double Room

Unit 3
£335
Double Room

Unit 4
£400
Studio

Unit 5
£325
Double Room

Unit 6
£325
Double Room

Unit 7
£325
Double Room

Unit 8
£400
Studio

Total £2760

Costs

Gas £100
Water £50
Wifi £20
Electric £100
Cleaner £30
TV Licence £10
Insurance £50
Council Tax £120

Gas £100
Water £50
Wifi £20
Electric £100
Cleaner £30
TV Licence £10
Insurance £50
Council Tax £120

Total £480

LICENSING

HMO License Required Yes
HMO License Expiry 2025-05-05
HMO License in Place Yes
No of Persons 8
HMO Licensing Cost £1000
Units of Accomodation 8
Licensing Authority North Lincolnshire
Planning Use Class C3

HMO License Required Yes
HMO License Expiry 2025-05-05
HMO License in Place Yes
No of Persons 8
HMO Licensing Cost £1000
Units of Accomodation 8
Licensing Authority North Lincolnshire
Planning Use Class C3

Management

Type Local Agent
Management Rate 10%
Monthly Management £276

FLOOR PLAN

LOCATION

Whitecross Street, Barton-upon-Humber, DN18 5EU, United Kingdom

BROCHURE

Download the investment brochure

Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.

Brilliant Fully Let 8 Bedroom HMO

Whitecross Street Barton Upon Humber North Lincolnshire DN18