REF 727
INVESTMENT
£839,000
GROSS YIELD
5%
ANNUAL RENT
£41,940
This is an amazing 5 Bed HMO that has been refurbed to a very high standard throughout. It has a large communal lounge/kitchen/dining space with lots of storage, 5 large double bedrooms and an easy to maintain garden at the rear.
This turnkey property comes fully tenanted with a guaranteed rent option from a local agent, who will take care of everything from maintenance, bills and tenant sourcing.
Prior to covid-19 the current Landlord was achieving higher rental per room and this could potentially be increased again in the future, they were:
Room 1 – 780
Room 2 – 775
Room 3 – 775
Room 4 – 775
Room 5 – 780
Total – £3,885
These figures would give £390 extra rent per month, £4,680 per year.
*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 £839,000.
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There is a guaranteed rent option from a local agent, you would be guaranteed £2,415 per month.
