6 Bed En-Suite HMO - Fully Let For Sale | Agent HMO

6 Bed En-Suite HMO - Fully Let

Kites Close, Crawley, RH11

REF 876

  • INVESTMENT

    £620,000

  • GROSS YIELD

    8.13%

  • ANNUAL RENT

    £50,400

6 Bed En-Suite HMO - Fully Let For Sale
For Sale
  • INVESTMENT

    £620,000

  • GROSS YIELD

    8.13%

  • ANNUAL RENT

    £50,400

  • REF

    876

DESCRIPTION

High Spec refurbishment into 6-bed HMO with 6
Ensuites, comes with outstanding – NO VOID lettings service with own
HMO Letting Company the firm believe that high quality translates into better
residents and stronger cash flow. Directors are experienced professional property
investors.

This is an impressive 6 Bed Ensuite HMO, this turn key property comes fully tenanted and cash flowing £50,400 annually. This is a great hand off investment opportunity as there is already an expert manging agent in place.

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Features

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

  • Investment £620,000
  • Gross Annual Rent £50,400
  • Gross Monthly Rent £4,200
  • Gross Yield 8.13%
  • Net Monthly Rent £3,690
  • Net Yield 7.14%
  • Min 25% Deposit Requirement £155,000
  • Monthly Mortgage Payment* £969
  • Monthly Cashflow £2,721

*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 £618,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 6
  • Heating Gas Central Heating
  • EPC Rating 84B
  • Size 725 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 6
  • Heating Gas Central Heating
  • EPC Rating 84B
  • Size 725 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 6
  • Ensuite Bathrooms 6
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Photos

6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let For Sale
6 Bed En-Suite HMO - Fully Let 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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £700
  • Let
  • Double Room / Ensuite
  • Unit 6
  • £700
  • Let
  • Double Room / Ensuite
  • Total £4200
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Costs

  • Gas £87
  • Water £35
  • Wifi £55
  • Electric £67
  • Cleaner £55
  • TV Licence £13
  • Insurance £34
  • Council Tax £164
  • Gas £87
  • Water £35
  • Wifi £55
  • Electric £67
  • Cleaner £55
  • TV Licence £13
  • Insurance £34
  • Council Tax £164
  • Total £510
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2025-11-19
  • HMO License in Place Yes
  • No of Persons 6
  • Units of Accomodation 6
  • Licensing Authority Crawley Borough Council
  • HMO License Required Yes
  • HMO License Expiry 2025-11-19
  • HMO License in Place Yes
  • No of Persons 6
  • Units of Accomodation 6
  • Licensing Authority Crawley Borough Council
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Management

  • Type Local Agent

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FLOOR PLAN

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LOCATION

Kites Close, Crawley, RH11 7DP, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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