Super 5 Bed Professional All Ensuite 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 £450,000
Gross Annual Rent £36,600
Gross Monthly Rent £3,050
Gross Yield 8.13%
Net Monthly Rent £2,490
Net Yield 6.64%

Min 25% Deposit Requirement £112,500
Monthly Mortgage Payment* £703
Monthly Cashflow £1,787

*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 £450,000.

Property

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

Kitchens 1
Double 2
Reception Rooms 1
Double Ensuite 3
Ensuite Bathrooms 3
Shared Bathrooms 1

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

Kitchens 1
Double 2
Reception Rooms 1
Double Ensuite 3
Ensuite Bathrooms 3
Shared Bathrooms 1

Photos

VIRTUAL TOUR

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Rental

Tenant Type
Professional
12 Month Occupancy

Occupancy
Fully Let
Tenancy Type

No. of Tenants
5

Tenant Type
Professional
Occupancy
Fully Let
12 Month Occupancy
Tenancy Type
No. of Tenants
5

Unit 1
£650
Let
Double Room / Ensuite

Unit 2
£650
Let
Double Room / Ensuite

Unit 3
£625
Let
Double Room / Ensuite

Unit 4
£595
Let
Double Room

Unit 5
£530
Let
Double Room

Total £3050

Costs

Gas £100
Water £27
Wifi £36
Electric £100
Cleaner £120
TV Licence £12
Insurance £33
Council Tax £132

Gas £100
Water £27
Wifi £36
Electric £100
Cleaner £120
TV Licence £12
Insurance £33
Council Tax £132

Total £560

LICENSING

HMO License Required Yes
HMO License Expiry 2023-10-01
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1400
Units of Accomodation 5
Planning Use Class C3

HMO License Required Yes
HMO License Expiry 2023-10-01
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1400
Units of Accomodation 5
Planning Use Class C3

Management

Type Self Managed
Management Rate 10%
Monthly Management £305

FLOOR PLAN

LOCATION

Harwoods Road, Watford, WD18 7RU, United Kingdom

BROCHURE

Download the investment brochure

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