Incredible Newly Refurbed 6 Bed En-Suite HMO

Clive Way, Crawley, RH10

REF 793

  • INVESTMENT

    £520,000

  • GROSS YIELD

    8.5%

  • ANNUAL RENT

    £44,220

Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
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  • INVESTMENT

    £520,000

  • GROSS YIELD

    8.5%

  • ANNUAL RENT

    £44,220

  • REF

    793

DESCRIPTION

Incredible newly refurbished 6 double bed all en-suite HMO.

Refurbished to a high standard throughout, off-road parking for several cars, gym room plus front and rear gardens.

Currently fully let and with a managing agent in place, this property offers a healthy 8.5% yield and great capital growth potential.

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
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FINANCIALS

  • Investment £520,000
  • Gross Annual Rent £44,220
  • Gross Monthly Rent £3,685
  • Gross Yield 8.5%
  • Net Monthly Rent £3,260
  • Net Yield 7.52%
  • Min 25% Deposit Requirement £130,000
  • Monthly Mortgage Payment* £813
  • Monthly Cashflow £2,448

*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 £518,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 1313 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 60D
  • Size 1313 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
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Photos

Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO For Sale
Incredible Newly Refurbed 6 Bed En-Suite HMO 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 (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £600
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £635
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £550
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £500
  • Let
  • Double Room / Ensuite
  • Total £3685
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Costs

  • Gas £80
  • Water £50
  • Wifi £40
  • Electric £80
  • Cleaner £30
  • TV Licence £13
  • Insurance £20
  • Council Tax £112
  • Gas £80
  • Water £50
  • Wifi £40
  • Electric £80
  • Cleaner £30
  • TV Licence £13
  • Insurance £20
  • Council Tax £112
  • Total £425
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-04-30
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1200
  • Units of Accomodation 6
  • Planning Use Class C4
  • HMO License Required Yes
  • HMO License Expiry 2024-04-30
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1200
  • Units of Accomodation 6
  • Planning Use Class C4
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Management

  • Type Local Agent
  • Management Rate 12.5%
  • Monthly Management £461

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FLOOR PLAN

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LOCATION

Clive Way, Crawley, RH10 7AH, United Kingdom

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BROCHURE

Download the investment brochure
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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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