Super 8 Bed Professional HMO Property

Clarence Street, Gloucester GL1

REF 624

  • INVESTMENT

    £400,000

  • GROSS YIELD

    9.6%

  • ANNUAL RENT

    £38,400

AgentHMO default property
Coming Soon
  • INVESTMENT

    £400,000

  • GROSS YIELD

    9.6%

  • ANNUAL RENT

    £38,400

  • REF

    624

DESCRIPTION

Back to menu

Features

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

FINANCIALS

  • Investment £400,000
  • Gross Annual Rent £38,400
  • Gross Monthly Rent £3,200
  • Gross Yield 9.6%
  • Net Monthly Rent £2,595
  • Net Yield 7.79%
  • Min 25% Deposit Requirement £100,000
  • Monthly Mortgage Payment* £625
  • Monthly Cashflow £1,970

*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.

Back to menu

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.

Back to menu

Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size
  • Listed Building
  • Double 8
  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Average
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size
  • Listed Building
  • Double 8
Back to menu

Photos

Back to menu

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.

Back to menu

Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Part Let
  • Tenancy Type
  • No. of Tenants
  • 8
  • Tenant Type
  • Professional
  • Occupancy
  • Part Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 8
  • Unit 1
  • £400
  • Let
  • Double Room
  • Unit 2
  • £400
  • Let
  • Double Room
  • Unit 3
  • £400
  • Vacant
  • Double Room
  • Unit 4
  • £400
  • Vacant
  • Double Room
  • Unit 5
  • £400
  • Vacant
  • Double Room
  • Unit 6
  • £400
  • Vacant
  • Double Room
  • Unit 7
  • £400
  • Vacant
  • Double Room
  • Unit 8
  • £400
  • Vacant
  • Double Room
  • Total £3200
Back to menu

Costs

  • Gas £75
  • Water £100
  • Wifi £38
  • Electric £75
  • Cleaner £116
  • TV Licence £10
  • Insurance £50
  • Council Tax £141
  • Gas £75
  • Water £100
  • Wifi £38
  • Electric £75
  • Cleaner £116
  • TV Licence £10
  • Insurance £50
  • Council Tax £141
  • Total £605
Back to menu

LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-11-01
  • HMO License in Place Yes
  • HMO License Required Yes
  • HMO License Expiry 2024-11-01
  • HMO License in Place Yes
Back to menu

Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £384

Back to menu

FLOOR PLAN

Back to menu

LOCATION

Clarence Street, Gloucester, GL1 1DP, United Kingdom

Back to menu

BROCHURE

Download the investment brochure
Back to menu
Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
REGISTER YOUR INTEREST