Incredible10 Bed Fully Let HMO

Dereham Road, Norwich NR2

REF 898

  • INVESTMENT

    £450,000

  • GROSS YIELD

    10.93%

  • ANNUAL RENT

    £49,200

AgentHMO default property
Sold
  • INVESTMENT

    £450,000

  • GROSS YIELD

    10.93%

  • ANNUAL RENT

    £49,200

  • REF

    898

DESCRIPTION

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Features

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FINANCIALS

  • Investment £450,000
  • Gross Annual Rent £49,200
  • Gross Monthly Rent £4,100
  • Gross Yield 10.93%
  • Net Monthly Rent £3,557
  • Net Yield 9.49%
  • Min 25% Deposit Requirement £112,500
  • Monthly Mortgage Payment* £703
  • Monthly Cashflow £2,854

*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 £450,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage Double
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Single 4
  • Kitchens 1
  • Double 3
  • Reception Rooms 2
  • Double Ensuite 3
  • Ensuite Bathrooms 3
  • Shared Bathrooms 3
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage Double
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Single 4
  • Kitchens 1
  • Double 3
  • Reception Rooms 2
  • Double Ensuite 3
  • Ensuite Bathrooms 3
  • Shared Bathrooms 3
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Photos

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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
  • Tenancy Type
  • No. of Tenants
  • 10
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 10
  • Unit 1
  • £450
  • Unit 2
  • £325
  • Unit 3
  • £500
  • Unit 4
  • £500
  • Unit 5
  • £425
  • Unit 6
  • £350
  • Unit 7
  • £500
  • Unit 8
  • £300
  • Unit 9
  • £325
  • Unit 10
  • £425
  • Total £4100
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Costs

  • Gas £100
  • Water £70
  • Wifi £45
  • Electric £90
  • Cleaner
  • TV Licence £13
  • Insurance £35
  • Council Tax £190
  • Gas £100
  • Water £70
  • Wifi £45
  • Electric £90
  • Cleaner
  • TV Licence £13
  • Insurance £35
  • Council Tax £190
  • Total £543
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • HMO License Required Yes
  • HMO License in Place Yes
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Management

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FLOOR PLAN

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LOCATION

Dereham Road, Norwich, NR2 3AH, United Kingdom

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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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