REF 690
INVESTMENT
£220,000
GROSS YIELD
9.55%
ANNUAL RENT
£21,000
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.
*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.
The fee charged to the buyer in addition to the purchase price.
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.
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.
