Newly Refurbed 6 BED HMO For Sale | Agent HMO

Newly Refurbed 6 BED HMO

Hessle Road, Hull, HU3

REF 886

  • INVESTMENT

    £210,000

  • GROSS YIELD

    12.5%

  • ANNUAL RENT

    £26,244

Newly Refurbed 6 BED HMO For Sale
For Sale
  • INVESTMENT

    £210,000

  • GROSS YIELD

    12.5%

  • ANNUAL RENT

    £26,244

  • REF

    886

DESCRIPTION

This is fantastic opportunity to buy a ready made, newly refurbed, cash flowing 6 bed HMO with a managing agent in place.

This is a semi detached three storey property with front and rear gardens and 7 off road parking spaces. This property has been refurbished to a high standard throughout, it has 5 double rooms, 1 double en-suite room, kitchen, reception and three shared bathrooms.

Currently fully let and with a HMO licence in place this property achieves £26,808 per annum which gives a very healthy 12.7% yield.

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Features

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

  • Investment £210,000
  • Gross Annual Rent £26,244
  • Gross Monthly Rent £2,187
  • Gross Yield 12.5%
  • Net Monthly Rent £1,545
  • Net Yield 8.83%
  • Min 25% Deposit Requirement £52,500
  • Monthly Mortgage Payment* £328
  • Monthly Cashflow £1,217

*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 --

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 £210,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 7
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1517 ft²
  • Listed Building No
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 3
  • Property Type House
  • Double Glazing Part
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 7
  • Heating Gas Central Heating
  • EPC Rating 70C
  • Size 1517 ft²
  • Listed Building No
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Double Ensuite 1
  • Ensuite Bathrooms 1
  • Shared Bathrooms 3
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Photos

Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED HMO For Sale
Newly Refurbed 6 BED 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
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100%
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 6
  • Unit 1
  • £350
  • Let
  • Double Room
  • Unit 2
  • £350
  • Let
  • Double Room
  • Unit 3
  • £380
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £350
  • Let
  • Double Room
  • Unit 5
  • £411
  • Let
  • Double Room
  • Unit 6
  • £346
  • Let
  • Double Room
  • Total £2187
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Costs

  • Gas £175
  • Water £65
  • Wifi £64
  • Electric £175
  • Cleaner
  • TV Licence
  • Insurance £43
  • Council Tax £120
  • Gas £175
  • Water £65
  • Wifi £64
  • Electric £175
  • Cleaner
  • TV Licence
  • Insurance £43
  • Council Tax £120
  • Total £642
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2021-12-07
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £645
  • Units of Accomodation 6
  • Licensing Authority Hull City Council
  • HMO License Required Yes
  • HMO License Expiry 2021-12-07
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £645
  • Units of Accomodation 6
  • Licensing Authority Hull City Council
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £219

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FLOOR PLAN

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LOCATION

Hessle Road, Hull, HU3 3AD, 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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