Incredible 8 Bed 4 Bath HMO

Brentwood Road Romford, RM1

REF 973

  • INVESTMENT

    £300,000

  • GROSS YIELD

    18.3%

  • ANNUAL RENT

    £54,900

AgentHMO default property
Sold
  • INVESTMENT

    £300,000

  • GROSS YIELD

    18.3%

  • ANNUAL RENT

    £54,900

  • REF

    973

DESCRIPTION

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Features

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FINANCIALS

  • Investment £300,000
  • Gross Annual Rent £54,900
  • Gross Monthly Rent £4,575
  • Gross Yield 18.3%
  • Net Monthly Rent £2,571
  • Net Yield 10.28%
  • Min 25% Deposit Requirement £75,000
  • Monthly Mortgage Payment* £469
  • Monthly Cashflow £2,102

*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 Full
  • Sub Type End of Terrace
  • Garage Single
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 8
  • Ensuite Bathrooms 8
  • Property Type House
  • Double Glazing Full
  • Sub Type End of Terrace
  • Garage Single
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 4
  • Heating Gas Central Heating
  • EPC Rating
  • Size
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 8
  • Ensuite Bathrooms 8
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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
  • Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • 12 Month Occupancy
  • Tenancy Type
  • No. of Tenants
  • 6
  • Unit 1
  • £550
  • Unit 2
  • £550
  • Unit 3
  • £550
  • Unit 4
  • £550
  • Unit 5
  • £600
  • Unit 6
  • £600
  • Unit 7
  • £600
  • Unit 8
  • £575
  • Total £4575
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Costs

  • Gas £200
  • Water £66
  • Wifi
  • Electric £200
  • Cleaner
  • TV Licence
  • Insurance £38
  • Council Tax £1,500
  • Gas £200
  • Water £66
  • Wifi
  • Electric £200
  • Cleaner
  • TV Licence
  • Insurance £38
  • Council Tax £1,500
  • Total £2,004
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LICENSING

Management

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FLOOR PLAN

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LOCATION

Brentwood Road, Romford, RM1 2EU, 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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