Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale | Agent HMO

Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants

St Huberts Road Great Harwood, BB6

REF 767

  • INVESTMENT

    £120,000

  • GROSS YIELD

    11.94%

  • ANNUAL RENT

    £14,328

Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Under Offer
  • INVESTMENT

    £120,000

  • GROSS YIELD

    11.94%

  • ANNUAL RENT

    £14,328

  • REF

    767

DESCRIPTION

This is a fantastic opportunity for a first time landlord to add a HMO to their portfolio.

With being a three bed HMO there is no licence required which makes this property very easy to manage.

This property has also had very settled tenants with two being there since 2014. It has two bedrooms and a bathroom upstairs with one bedroom and a large shared kitchen diner downstairs.

Offering an impressive 11.9% gross yield this property will not be on the market for long!

This is a leasehold property which currently has 879 years left on the lease.

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Good Transport Links
  • Fully Managed
  • Shared Kitchen Dining Area
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FINANCIALS

  • Investment £120,000
  • Gross Annual Rent £14,328
  • Gross Monthly Rent £1,194
  • Gross Yield 11.94%
  • Net Monthly Rent £921
  • Net Yield 9.21%
  • Min 25% Deposit Requirement £30,000
  • Monthly Mortgage Payment* £188
  • Monthly Cashflow £734

*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 £2,000

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 £2000 then the balance due on completion is £118,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 1022 ft²
  • Listed Building No
  • Kitchens 1
  • Double 3
  • Reception Rooms 1
  • Shared Bathrooms 1
  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 1022 ft²
  • Listed Building No
  • Kitchens 1
  • Double 3
  • Reception Rooms 1
  • Shared Bathrooms 1
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Photos

Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
Amazing 3 Bed HMO - Fully Let - No HMO Licence Required - Long Term Tenants For Sale
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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
  • 100%
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 3
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100%
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 3
  • Unit 1
  • £368
  • Let
  • Double Room
  • Unit 2
  • £480
  • Let
  • Double Room
  • Unit 3
  • £346
  • Let
  • Double Room
  • Total £1194
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Costs

  • Gas £40
  • Water £40
  • Wifi £30
  • Electric £40
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £110
  • Gas £40
  • Water £40
  • Wifi £30
  • Electric £40
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £110
  • Total £273
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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 12%
  • Monthly Management £143

Elite Property Lettings

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FLOOR PLAN

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LOCATION

Saint Huberts Road, Great Harwood, Blackburn, BB6 7AR, United Kingdom

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BROCHURE

Download the investment brochure
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This property is currently under offer, but make sure you leave your details incase anything changes.
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