Super 11 Bed Ensuite HMO Professional Property

Marine Road Drive , Morecambe, LA4

REF 604

  • INVESTMENT

    £400,000

  • GROSS YIELD

    16.43%

  • ANNUAL RENT

    £65,736

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  • INVESTMENT

    £400,000

  • GROSS YIELD

    16.43%

  • ANNUAL RENT

    £65,736

  • REF

    604

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 £400,000
  • Gross Annual Rent £65,736
  • Gross Monthly Rent £5,478
  • Gross Yield 16.43%
  • Net Monthly Rent £4,825
  • Net Yield 14.48%
  • Min 25% Deposit Requirement £100,000
  • Monthly Mortgage Payment* £625
  • Monthly Cashflow £4,200

*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 House
  • Double Glazing None
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking None
  • Condition Poor
  • No Parking Spaces
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Ensuite Bathrooms 11
  • Studio 11
  • Property Type House
  • Double Glazing None
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking None
  • Condition Poor
  • No Parking Spaces
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchenettes 11
  • Ensuite Bathrooms 11
  • Studio 11
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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
  • 95
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 95
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Unit 1
  • £498
  • Let
  • Studio
  • Unit 2
  • £498
  • Let
  • Studio
  • Unit 3
  • £498
  • Let
  • Studio
  • Unit 4
  • £498
  • Let
  • Studio
  • Unit 5
  • £498
  • Let
  • Studio
  • Unit 6
  • £498
  • Let
  • Studio
  • Unit 7
  • £498
  • Let
  • Studio
  • Unit 8
  • £498
  • Let
  • Studio
  • Unit 9
  • £498
  • Let
  • Studio
  • Unit 10
  • £498
  • Let
  • Studio
  • Unit 11
  • £498
  • Let
  • Studio
  • Total £5478
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Costs

  • Gas £150
  • Water £50
  • Wifi £30
  • Electric £150
  • Cleaner £100
  • TV Licence £13
  • Insurance £40
  • Council Tax £120
  • Gas £150
  • Water £50
  • Wifi £30
  • Electric £150
  • Cleaner £100
  • TV Licence £13
  • Insurance £40
  • Council Tax £120
  • Total £653
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2021-06-01
  • HMO License in Place Yes
  • No of Persons 15
  • HMO Licensing Cost £1000
  • Units of Accomodation 11
  • HMO License Required Yes
  • HMO License Expiry 2021-06-01
  • HMO License in Place Yes
  • No of Persons 15
  • HMO Licensing Cost £1000
  • Units of Accomodation 11
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Management

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FLOOR PLAN

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LOCATION

Marine Road Central, Morecambe, LA4 5AA, United Kingdom

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BROCHURE

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