Fab 4 Bed All Ensuite Professional HMO

Newhall Street, Swindon, SN1

REF 704

  • INVESTMENT

    £280,000

  • GROSS YIELD

    11.29%

  • ANNUAL RENT

    £31,620

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Sold
  • INVESTMENT

    £280,000

  • GROSS YIELD

    11.29%

  • ANNUAL RENT

    £31,620

  • REF

    704

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 £280,000
  • Gross Annual Rent £31,620
  • Gross Monthly Rent £2,635
  • Gross Yield 11.29%
  • Net Monthly Rent £2,225
  • Net Yield 9.54%
  • Min 25% Deposit Requirement £70,000
  • Monthly Mortgage Payment* £438
  • Monthly Cashflow £1,788

*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 £280,000.

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Property

  • Property Type House
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Studio 3
  • Property Type House
  • Double Glazing
  • Sub Type
  • Garage
  • Tenure Freehold
  • Garden
  • Construction
  • Parking
  • Condition
  • No Parking Spaces
  • Heating
  • EPC Rating
  • Size
  • Listed Building
  • Kitchens 1
  • Kitchenettes 3
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Studio 3
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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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • No. of Tenants
  • 4
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 4
  • Unit 1
  • £2635
  • Double Room / Ensuite
  • Total £2635
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Costs

  • Gas £76
  • Water £26
  • Wifi £40
  • Electric £76
  • Cleaner £60
  • TV Licence £13
  • Insurance
  • Council Tax £119
  • Gas £76
  • Water £26
  • Wifi £40
  • Electric £76
  • Cleaner £60
  • TV Licence £13
  • Insurance
  • Council Tax £119
  • Total £410
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LICENSING

  • HMO License Required No
  • HMO License Required No
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £264

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FLOOR PLAN

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LOCATION

Newhall Street, Swindon, SN1 5QT, United Kingdom

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BROCHURE

Download the investment 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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