Newly Refurbed 5 Bed HMO

Stanley Road, Chadderton, Oldham OL9

REF 949

  • INVESTMENT

    £300,000

  • GROSS YIELD

    9%

  • ANNUAL RENT

    £27,000

AgentHMO default property
Sold
  • INVESTMENT

    £300,000

  • GROSS YIELD

    9%

  • ANNUAL RENT

    £27,000

  • REF

    949

DESCRIPTION

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Features

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FINANCIALS

  • Investment £300,000
  • Gross Annual Rent £27,000
  • Gross Monthly Rent £2,250
  • Gross Yield 9%
  • Net Monthly Rent £1,285
  • Net Yield 5.14%
  • Min 25% Deposit Requirement £75,000
  • Monthly Mortgage Payment* £469
  • Monthly Cashflow £816

*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 £300,000.

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Property

  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 5
  • Kitchenettes
  • Property Type House
  • Double Glazing Part
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Leasehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Single Ensuite 5
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Photos

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VIRTUAL TOUR

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Tenancy Type
  • No. of Tenants
  • 3
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 3
  • Unit 1
  • £400
  • Single Room / Ensuite
  • Unit 2
  • £400
  • Single Room / Ensuite
  • Unit 3
  • £400
  • Single Room / Ensuite
  • Unit 4
  • £500
  • Single Room / Ensuite
  • Unit 5
  • £550
  • Single Room / Ensuite
  • Total £2250
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Costs

  • Gas £200
  • Water £200
  • Wifi £45
  • Electric £200
  • Cleaner £70
  • TV Licence
  • Insurance
  • Council Tax £250
  • Gas £200
  • Water £200
  • Wifi £45
  • Electric £200
  • Cleaner £70
  • TV Licence
  • Insurance
  • Council Tax £250
  • Total £965
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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

Stanley Road, Chadderton, Oldham, OL9 7HA, 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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