Unreal 6 Bed Professional HMO Property

Trehurst Street, London, E5

REF 670

  • INVESTMENT

    £1,200,000

  • GROSS YIELD

    5.65%

  • ANNUAL RENT

    £67,800

AgentHMO default property
Sold
  • INVESTMENT

    £1,200,000

  • GROSS YIELD

    5.65%

  • ANNUAL RENT

    £67,800

  • REF

    670

DESCRIPTION

This is a fantastic six-bed five en-suite freehold mid-terrace house in Greater London, in excellent condition. With great access to transport links, an easily manageable rear garden and professional tenants.

This property is newly refurbished to a very high standard throughout and is currently cash flowing £67,800 per annum.

There is also a managing agent in place, who currently holds the HMO licence, and would be happy continuing to manage the property for a new buyer at 10%.

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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 £1,200,000
  • Gross Annual Rent £67,800
  • Gross Monthly Rent £5,650
  • Gross Yield 5.65%
  • Net Monthly Rent £5,005
  • Net Yield 5.01%
  • Min 25% Deposit Requirement £300,000
  • Monthly Mortgage Payment* £1,875
  • Monthly Cashflow £3,130

*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 £2,000

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 £2000 then the balance due on completion is £1,198,000.

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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 None
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 66D
  • Size 1194 ft²
  • Listed Building No
  • Kitchens 1
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • 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 66D
  • Size 1194 ft²
  • Listed Building No
  • Kitchens 1
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • Shared Bathrooms 1
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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 (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £850
  • Let
  • Double Room
  • Unit 2
  • £950
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £950
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £950
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £950
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £1000
  • Let
  • Double Room / Ensuite
  • Total £5650
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Costs

  • Gas £100
  • Water £50
  • Wifi £50
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £90
  • Council Tax £182
  • Gas £100
  • Water £50
  • Wifi £50
  • Electric £100
  • Cleaner £60
  • TV Licence £13
  • Insurance £90
  • Council Tax £182
  • Total £645
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Draft (approved)
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License in Place Draft (approved)
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £565

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FLOOR PLAN

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LOCATION

Trehurst Street, London, E5 0EB, 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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