5 Bed HMO & 1 x Studio

Colfe Way, Kemsley, Sittingbourne, ME10

REF 938

  • INVESTMENT

    £520,000

  • GROSS YIELD

    8.07%

  • ANNUAL RENT

    £41,940

AgentHMO default property
Sold
  • INVESTMENT

    £520,000

  • GROSS YIELD

    8.07%

  • ANNUAL RENT

    £41,940

  • REF

    938

DESCRIPTION

Entrance Hall – Front door opens to. With stair access to First Floor and fitted storage cupboard.

Lounge – Generous sized lounge area with fitted feature fireplace surrounded by exposed brick feature wall. With fitted wooden flooring throughout and window bringing natural lighting, the lounge boasts plenty of space for furniture. Door to;

Shower Room – Shower enclosure with overhead mixer tap and surrounding tile walls.

Kitchen – Fitted with a range of wall and base units, with undercounter space and plumbing for appliances. Integral oven, four ring gas hob and overhead extraction fan. Kitchen boasts fully fitted tile flooring and splash back tile walls.

Cloakroom / WC – Suite comprising; Low level WC and wash hand basin.
Bedroom One – Double sized bedroom with fitted wooden flooring and space for additional furniture.

Bedroom Two – Double sized bedroom with exposed brick feature wall and ample space for furniture. Wall-divider provides opportunity to alter room as you see fit.

En-Suite – 3 Piece Suite comprising; Shower enclosure with overhead mixer tap and surrounding tile walls. Low level WC and wash hand basin.

Conservatory – Fitted with tile flooring and floor to ceiling windows to rear aspect.

First Floor Landing – With doors to;

Bedroom Three – Double sized bedroom with fitted wooden flooring and space for additional furniture. Door to;

En-Suite – 3 Piece Suite comprising; Shower enclosure with overhead mixer tap. Low level WC and wash hand basin.

Bedroom Four – Double sized bedroom with space for additional furniture. Door to;

En-Suite – 3 Piece Suite comprising; Shower enclosure with overhead mixer tap. Low level WC and wash hand basin.

Bedroom Five – Double sized bedroom with wash hand basin. Space for furniture.

Bedroom Six – Double sized bedroom with space for furniture.

Shower Room – 3 Piece Suite comprising; Shower enclosure with overhead mixer tap. Low level WC and wash hand basin.

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Features

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

  • Investment £520,000
  • Gross Annual Rent £41,940
  • Gross Monthly Rent £3,495
  • Gross Yield 8.07%
  • Net Monthly Rent £3,014
  • Net Yield 6.96%
  • Min 25% Deposit Requirement £130,000
  • Monthly Mortgage Payment* £813
  • Monthly Cashflow £2,202

*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 £520,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 64D
  • Size 1388 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 3
  • Ensuite Bathrooms 4
  • Shared Bathrooms 2
  • 1 Bed Flat 1
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front & Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 3
  • Heating Gas Central Heating
  • EPC Rating 64D
  • Size 1388 ft²
  • Listed Building No
  • Kitchens 1
  • Double 2
  • Reception Rooms 1
  • Double Ensuite 3
  • Ensuite Bathrooms 4
  • Shared Bathrooms 2
  • 1 Bed Flat 1
  • 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
  • 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
  • £900
  • Let
  • 1 Bed Flat
  • Unit 2
  • £520
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £500
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £600
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £455
  • Let
  • Double Room
  • Unit 6
  • £520
  • Let
  • Double Room
  • Total £3495
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Costs

  • Gas £90
  • Water £60
  • Wifi £40
  • Electric £120
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £158
  • Gas £90
  • Water £60
  • Wifi £40
  • Electric £120
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £158
  • Total £481
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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

  • Type Local Agent

Local Agent

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FLOOR PLAN

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LOCATION

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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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