Refurbed 5 Bed HMO For Sale | Agent HMO

Refurbed 5 Bed HMO

Brown Road Wednesbury, WS10

REF 970

  • INVESTMENT

    £250,000

  • GROSS YIELD

    9.67%

  • ANNUAL RENT

    £24,180

Refurbed 5 Bed HMO For Sale
For Sale
  • INVESTMENT

    £250,000

  • GROSS YIELD

    9.67%

  • ANNUAL RENT

    £24,180

  • REF

    970

DESCRIPTION

This is an incredible opportunity to purchase a ready made, refurbed 5 double bed all ensuite HMO.

This property has been refurbished to a very high standard throughout and is currently fully tenanted. The property benefits from a shared kitchen dining area and a back garden. The property was originally going to be a 6 bed HMO but as one bedroom is under the minimum HMO room size it is rented as a 5 bed. There may be a potential to make a use of 6th bedroom with a slight amendment to the floorplan.

This property offers high returns of 9% yield and £23k per year.

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Features

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

  • Investment £250,000
  • Gross Annual Rent £24,180
  • Gross Monthly Rent £2,015
  • Gross Yield 9.67%
  • Net Monthly Rent £1,586
  • Net Yield 7.61%
  • Min 25% Deposit Requirement £62,500
  • Monthly Mortgage Payment* £391
  • Monthly Cashflow £1,195

*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 £248,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Concrete
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating 71C
  • Size 990 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Concrete
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating 71C
  • Size 990 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
  • Seperate WCs 1
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Photos

Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 Bed HMO For Sale
Refurbed 5 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
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 5
  • Unit 1
  • £415
  • Let
  • Double Room / Ensuite
  • Unit 2
  • £400
  • Let
  • Double Room / Ensuite
  • Unit 3
  • £400
  • Let
  • Double Room / Ensuite
  • Unit 4
  • £400
  • Let
  • Double Room / Ensuite
  • Unit 5
  • £400
  • Let
  • Double Room / Ensuite
  • Total £2015
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Costs

  • Gas £80
  • Water £35
  • Wifi £32
  • Electric £60
  • Cleaner £75
  • TV Licence £13
  • Insurance £24
  • Council Tax £110
  • Gas £80
  • Water £35
  • Wifi £32
  • Electric £60
  • Cleaner £75
  • TV Licence £13
  • Insurance £24
  • Council Tax £110
  • Total £429
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2021-11-30
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
  • HMO License Required Yes
  • HMO License Expiry 2021-11-30
  • HMO License in Place Yes
  • No of Persons 5
  • Units of Accomodation 5
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Management

  • Type Local Agent
  • Management Rate 10%
  • Monthly Management £202

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FLOOR PLAN

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LOCATION

Brown Road, Wednesbury, WS10 8PP, 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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