Brilliant Newly Refurbed 6 Bed HMO Property

George Street, Mansfield, Nottinghamshire NG19

REF 638

  • INVESTMENT

    £130,000

  • GROSS YIELD

    17.26%

  • ANNUAL RENT

    £22,440

AgentHMO default property
Sold
  • INVESTMENT

    £130,000

  • GROSS YIELD

    17.26%

  • ANNUAL RENT

    £22,440

  • REF

    638

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 £130,000
  • Gross Annual Rent £22,440
  • Gross Monthly Rent £1,870
  • Gross Yield 17.26%
  • Net Monthly Rent £1,447
  • Net Yield 13.36%
  • Min 25% Deposit Requirement £32,500
  • Monthly Mortgage Payment* £203
  • Monthly Cashflow £1,244

*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 £130,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building
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Photos

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VIRTUAL TOUR

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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
  • Part Let
  • Tenancy Type
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Part Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 5
  • Unit 1
  • £370
  • Unit 2
  • £370
  • Unit 3
  • £391
  • Unit 4
  • £413
  • Unit 5
  • £326
  • Total £1870
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Costs

  • Gas £80
  • Water £36
  • Wifi £47
  • Electric £45
  • Cleaner £40
  • TV Licence
  • Insurance £39
  • Council Tax £136
  • Gas £80
  • Water £36
  • Wifi £47
  • Electric £45
  • Cleaner £40
  • TV Licence
  • Insurance £39
  • Council Tax £136
  • Total £423
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LICENSING

  • Planning Use Class C3
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 12%
  • Monthly Management £224

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FLOOR PLAN

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LOCATION

George Street, Mansfield, NG19 6SF, United Kingdom

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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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