Brilliant Newly Refurbed 5 Bed HMO Property

Parkside Road, Bradford, BD5

REF 715

  • INVESTMENT

    £180,000

  • GROSS YIELD

    10.17%

  • ANNUAL RENT

    £18,300

Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Sold
  • INVESTMENT

    £180,000

  • GROSS YIELD

    10.17%

  • ANNUAL RENT

    £18,300

  • REF

    715

DESCRIPTION

This is a superb 5 double bedroom 4 ensuite 2 story end of terrace |HMO in Bradford, it has been newly refurbished to a high standard. This freehold property has high yields of 10.1% and is fully tenanted and cash flowing.

The property is well located in an established residential area in Bradford, it is a 15-minute walk to the local hospital and the local supermarket with direct access to the A6177 and the M62.

The property benefits from a New HMO licence, good quality professional tenants, four ensuites, one shared bathroom, reception room, a large kitchen and two bedrooms have their own kitchenette. This property is producing an income of £18,300 per annum.

We are able to make an introduction to any prospective buyer to a local managing agent who offers a rental guarantee scheme.

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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 £180,000
  • Gross Annual Rent £18,300
  • Gross Monthly Rent £1,525
  • Gross Yield 10.17%
  • Net Monthly Rent £1,100
  • Net Yield 7.33%
  • Min 25% Deposit Requirement £45,000
  • Monthly Mortgage Payment* £281
  • Monthly Cashflow £819

*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 £2,000

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 £180,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1130 ft²
  • Listed Building No
  • Kitchens 1
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden None
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1130 ft²
  • Listed Building No
  • Kitchens 1
  • Kitchenettes 2
  • Double 1
  • Reception Rooms 1
  • Double Ensuite 4
  • Ensuite Bathrooms 4
  • Shared Bathrooms 1
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Photos

Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property For Sale
Brilliant Newly Refurbed 5 Bed HMO Property 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 (AST)
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 5
  • Unit 1
  • £200
  • Let
  • Double Room
  • Unit 2
  • £350
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £350
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £300
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £325
  • Let
  • Double Room / Ensuite
  • Total £1525
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Costs

  • Gas £75
  • Water £78
  • Wifi £30
  • Electric £75
  • Cleaner
  • TV Licence £13
  • Insurance £36
  • Council Tax £118
  • Gas £75
  • Water £78
  • Wifi £30
  • Electric £75
  • Cleaner
  • TV Licence £13
  • Insurance £36
  • Council Tax £118
  • Total £425
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
  • HMO License Required Yes
  • HMO License in Place Yes
  • No of Persons 5
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Parkside Road, Bradford, BD5 8DY, 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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