Long Standing 6 Bed HMO For Sale

DESCRIPTION

Features

Fully Tenanted
Great Location
Strong Rental Demand
Capital Growth Potential
Good Transport Links
Wireless Broadband
Shared Kitchen Dining Area
HMO Compliant Fire Alarm

FINANCIALS

Investment £230,000
Gross Annual Rent £29,952
Gross Monthly Rent £2,496
Gross Yield 13.02%
Net Monthly Rent £2,044
Net Yield 10.66%

Min 25% Deposit Requirement £57,500
Monthly Mortgage Payment* £359
Monthly Cashflow £1,685

*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.

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 £230,000.

Property

Property Type House
Double Glazing Full
Sub Type Detached
Garage Single
Tenure Freehold
Garden Front & Rear
Construction Brick & Tile
Parking Off-Road
Condition Average
No Parking Spaces 4
Heating Gas Central Heating
EPC Rating 58D
Size
Listed Building

Single 2
Kitchens 1
Double 3
Reception Rooms 1
Double Ensuite 1
Ensuite Bathrooms 1
Shared Bathrooms 1
Seperate WCs 1

Property Type House
Double Glazing Full
Sub Type Detached
Garage Single
Tenure Freehold
Garden Front & Rear
Construction Brick & Tile
Parking Off-Road
Condition Average
No Parking Spaces 4
Heating Gas Central Heating
EPC Rating 58D
Size
Listed Building

Single 2
Kitchens 1
Double 3
Reception Rooms 1
Double Ensuite 1
Ensuite Bathrooms 1
Shared Bathrooms 1
Seperate WCs 1

Photos

VIRTUAL TOUR

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Rental

Tenant Type
Working
12 Month Occupancy

Occupancy
Fully Let
Tenancy Type

No. of Tenants
6

Tenant Type
Working
Occupancy
Fully Let
12 Month Occupancy
Tenancy Type
No. of Tenants
6

Unit 1
£416
Let
Double Room / Ensuite

Unit 2
£416
Double Room

Unit 3
£416
Double Room

Unit 4
£416
Double Room

Unit 5
£416
Single Room

Unit 6
£416
Single Room

Total £2496

Costs

Gas £80
Water £65
Wifi £30
Electric £80
Cleaner
TV Licence
Insurance £38
Council Tax £159

Gas £80
Water £65
Wifi £30
Electric £80
Cleaner
TV Licence
Insurance £38
Council Tax £159

Total £452

LICENSING

HMO License Required Yes
HMO License Expiry 2024-09-10
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £500
Units of Accomodation 6
Licensing Authority South Holland

HMO License Required Yes
HMO License Expiry 2024-09-10
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £500
Units of Accomodation 6
Licensing Authority South Holland

Management

Type Local Agent
Management Rate 10%
Monthly Management £250

FLOOR PLAN

LOCATION

Rutland Close, Spalding, PE11 1UY, United Kingdom

BROCHURE

Download the investment brochure

Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.

Long Standing 6 Bed HMO

Rutland Close, Spalding PE11 1UY