Incredible Freehold 9 Bed HMO & 2 x 1 Bed Flats For Sale | Agent HMO

Incredible Freehold 9 Bed HMO & 2 x 1 Bed Flats

Warwick Road, Banbury, Oxfordshire, OX16

REF 607

  • INVESTMENT

    £1,100,000

  • GROSS YIELD

    7.94%

  • ANNUAL RENT

    £87,312

AgentHMO default property
For Sale
  • INVESTMENT

    £1,100,000

  • GROSS YIELD

    7.94%

  • ANNUAL RENT

    £87,312

  • REF

    607

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 £1,100,000
  • Gross Annual Rent £87,312
  • Gross Monthly Rent £7,276
  • Gross Yield 7.94%
  • Net Monthly Rent £5,370
  • Net Yield 5.86%
  • Min 25% Deposit Requirement £275,000
  • Monthly Mortgage Payment* £1,719
  • Monthly Cashflow £3,651

*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 £1,100,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 5
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 3
  • Reception Rooms 1
  • Double Ensuite 9
  • Ensuite Bathrooms 11
  • Studio 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 5
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 3
  • Reception Rooms 1
  • Double Ensuite 9
  • Ensuite Bathrooms 11
  • Studio 2
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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
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Unit 1
  • £565
  • Double Room / Ensuite
  • Unit 2
  • £615
  • Double Room / Ensuite
  • Unit 3
  • £595
  • Double Room / Ensuite
  • Unit 4
  • £600
  • Double Room / Ensuite
  • Unit 5
  • £575
  • Double Room / Ensuite
  • Unit 6
  • £550
  • Double Room / Ensuite
  • Unit 7
  • £561
  • Double Room / Ensuite
  • Unit 8
  • £600
  • Double Room / Ensuite
  • Unit 9
  • £620
  • Double Room / Ensuite
  • Unit 10
  • £995
  • 1 Bed Flat
  • Unit 11
  • £1000
  • 1 Bed Flat
  • Total £7276
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Costs

  • Gas £125
  • Water £133
  • Wifi £150
  • Electric £400
  • Cleaner £95
  • TV Licence £54
  • Insurance £33
  • Council Tax £916
  • Gas £125
  • Water £133
  • Wifi £150
  • Electric £400
  • Cleaner £95
  • TV Licence £54
  • Insurance £33
  • Council Tax £916
  • Total £1,906
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-01-17
  • HMO License in Place Yes
  • No of Persons 10
  • HMO Licensing Cost £1000
  • Units of Accomodation 9
  • Licensing Authority Cherwell District Council
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2024-01-17
  • HMO License in Place Yes
  • No of Persons 10
  • HMO Licensing Cost £1000
  • Units of Accomodation 9
  • Licensing Authority Cherwell District Council
  • Planning Use Class Sui Generis
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £728

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FLOOR PLAN

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LOCATION

Warwick Road, Banbury, OX16 2AN, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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