Fab 4 Bed All Ensuite Town Centre HMO For Sale | Agent HMO

Fab 4 Bed All Ensuite Town Centre HMO

Priest Lane HG4

REF 690

  • INVESTMENT

    £220,000

  • GROSS YIELD

    9.55%

  • ANNUAL RENT

    £21,000

Fab 4 Bed All Ensuite Town Centre HMO For Sale
For Sale
  • INVESTMENT

    £220,000

  • GROSS YIELD

    9.55%

  • ANNUAL RENT

    £21,000

  • REF

    690

DESCRIPTION

A great investment opportunity. A substantial mid terraced house renovated to a very high standard and converted to four stylish bedsits, all with private ensuite facilities and independent heating controls.

There is also a spacious communal area for use of the residents, with a modern kitchen, plus dining and living area.

Each bedsit is neutrally decorated with modern décor, plus a stylish private shower room. All the rooms feel light, airy and spacious. The bedsits are also equipped with satellite, TV and network points, plus an electric shaver point.

The bedsits occupy a handy city centre location, with shops and amenities available within a couple of minutes walk. Unrestricted on street parking is available close by, whilst the Ripon bus station is also just a short walk away, offering a comprehensive service to a number of areas, including the 36 bus route to Harrogate and Leeds.

The bedsits have provided a very high occupancy rate, at the time of listing the bedsits are at full capacity and when at capacity, they give a very generous gross yield in excess of 10%.

The conversion was carried out with no expense spared and the property has been maintained to a high standard by the current landlords.

Bedsits are in high demand and this rare investment opportunity gives an instant income.

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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 £220,000
  • Gross Annual Rent £21,000
  • Gross Monthly Rent £1,750
  • Gross Yield 9.55%
  • Net Monthly Rent £1,304
  • Net Yield 7.11%
  • Min 25% Deposit Requirement £55,000
  • Monthly Mortgage Payment* £344
  • Monthly Cashflow £960

*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 £220,000.

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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 Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 76C
  • Size 1345 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 76C
  • Size 1345 ft²
  • Listed Building No
  • Kitchens 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
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Photos

Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
Fab 4 Bed All Ensuite Town Centre HMO For Sale
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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
  • 4
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 4
  • Unit 1
  • £400
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £450
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £450
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £450
  • Let
  • Double Room / Ensuite
  • Total £1750
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Costs

  • Gas £95
  • Water £30
  • Wifi £45
  • Electric £95
  • Cleaner
  • TV Licence £13
  • Insurance £41
  • Council Tax £127
  • Gas £95
  • Water £30
  • Wifi £45
  • Electric £95
  • Cleaner
  • TV Licence £13
  • Insurance £41
  • Council Tax £127
  • Total £446
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LICENSING

  • HMO License Required No
  • Planning Use Class C3
  • HMO License Required No
  • Planning Use Class C3
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Management

  • Type Local Agent
  • Management Rate 11.5%
  • Monthly Management £201

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FLOOR PLAN

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LOCATION

Priest Lane, Ripon, HG4 1LL, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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