11 Bed HMO & 1 Studio

Fairfield Road Buxton, SK17

REF 852

  • INVESTMENT

    £250,000

  • GROSS YIELD

    20.78%

  • ANNUAL RENT

    £51,960

AgentHMO default property
Sold
  • INVESTMENT

    £250,000

  • GROSS YIELD

    20.78%

  • ANNUAL RENT

    £51,960

  • REF

    852

DESCRIPTION

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Features

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FINANCIALS

  • Investment £250,000
  • Gross Annual Rent £51,960
  • Gross Monthly Rent £4,330
  • Gross Yield 20.78%
  • Net Monthly Rent £3,875
  • Net Yield 18.6%
  • Min 25% Deposit Requirement £62,500
  • Monthly Mortgage Payment* £391
  • Monthly Cashflow £3,484

*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 £248,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Front & Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Single 9
  • Kitchens 1
  • Double 2
  • Ensuite Bathrooms 1
  • Studio 1
  • Shared Bathrooms 3
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Front & Rear
  • Construction Stone
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Single 9
  • Kitchens 1
  • Kitchenettes 11
  • Double 2
  • Ensuite Bathrooms 1
  • Studio 1
  • Shared Bathrooms 3
  • Seperate WCs 1
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Photos

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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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • No. of Tenants
  • 12
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 12
  • Unit 1
  • £476
  • Let
  • Studio
  • Unit 2
  • £390
  • Let
  • Double Room
  • Unit 3
  • £390
  • Let
  • Double Room
  • Unit 4
  • £368
  • Let
  • Single Room
  • Unit 5
  • £346
  • Let
  • Single Room
  • Unit 6
  • £368
  • Let
  • Single Room
  • Unit 7
  • £346
  • Let
  • Single Room
  • Unit 8
  • £325
  • Let
  • Single Room
  • Unit 9
  • £325
  • Let
  • Double Room
  • Unit 10
  • £346
  • Let
  • Single Room
  • Unit 11
  • £325
  • Let
  • Single Room
  • Unit 12
  • £325
  • Let
  • Single Room
  • Total £4330
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Costs

  • Gas
  • Water £66
  • Wifi £22
  • Electric £160
  • Cleaner £23
  • TV Licence
  • Insurance £64
  • Council Tax £120
  • Gas
  • Water £66
  • Wifi £22
  • Electric £160
  • Cleaner £23
  • TV Licence
  • Insurance £64
  • Council Tax £120
  • Total £455
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2022-12-03
  • HMO License in Place Yes
  • No of Persons 14
  • Units of Accomodation 12
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License Expiry 2022-12-03
  • HMO License in Place Yes
  • No of Persons 14
  • Units of Accomodation 12
  • Planning Use Class Sui Generis
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Management

  • Type Self Managed

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FLOOR PLAN

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LOCATION

Fairfield Road, Buxton, SK17 7HA, 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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