Epic Freehold 8 x Self Contained Apartment Block

Clifton Boulevard, Dunkirk, Nottingham NG7

REF 687

  • INVESTMENT

    £550,000

  • GROSS YIELD

    8.02%

  • ANNUAL RENT

    £44,112

AgentHMO default property
Sold
  • INVESTMENT

    £550,000

  • GROSS YIELD

    8.02%

  • ANNUAL RENT

    £44,112

  • REF

    687

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 £550,000
  • Gross Annual Rent £44,112
  • Gross Monthly Rent £3,676
  • Gross Yield 8.02%
  • Net Monthly Rent £3,300
  • Net Yield 7.2%
  • Min 25% Deposit Requirement £137,500
  • Monthly Mortgage Payment* £859
  • Monthly Cashflow £2,441

*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 £550,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 3504 ft²
  • Listed Building No
  • Kitchens 7
  • Ensuite Bathrooms 1
  • Studio 2
  • 1 Bed Flat 4
  • 2 Bed Flat 2
  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 3504 ft²
  • Listed Building No
  • Kitchens 7
  • Ensuite Bathrooms 1
  • Studio 2
  • 1 Bed Flat 4
  • 2 Bed Flat 2
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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
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 8
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 8
  • Unit 1
  • £348
  • Let
  • Studio
  • Unit 2
  • £348
  • Let
  • Studio
  • Unit 3
  • £430
  • Let
  • 1 Bed Flat
  • Unit 4
  • £465
  • Let
  • 1 Bed Flat
  • Unit 5
  • £550
  • Let
  • 2 Bed Flat
  • Unit 6
  • £480
  • Let
  • 1 Bed Flat
  • Unit 7
  • £575
  • Let
  • 2 Bed Flat
  • Unit 8
  • £480
  • Let
  • 1 Bed Flat
  • Total £3676
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Costs

  • Gas £48
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £216
  • Council Tax £112
  • Gas £48
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance £216
  • Council Tax £112
  • Total £376
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • HMO Licensing Cost £1000
  • HMO License Required Yes
  • HMO License in Place Yes
  • HMO Licensing Cost £1000
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Management

  • Type Local Agent
  • Management Rate 9%
  • Monthly Management £331

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FLOOR PLAN

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LOCATION

Clifton Boulevard, Nottingham, NG7 2JH, 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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