Brilliant 5 Bed All Ensuite Professional 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 £478,000
Gross Annual Rent £39,840
Gross Monthly Rent £3,320
Gross Yield 8.33%
Net Monthly Rent £2,776
Net Yield 6.97%

Min 25% Deposit Requirement £119,500
Monthly Mortgage Payment* £747
Monthly Cashflow £2,029

*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 £478,000.

Property

Property Type House
Double Glazing Full
Sub Type Semi-Detached
Garage None
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking None
Condition Excellent
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Double 2
Reception Rooms 1
Double Ensuite 3
Ensuite Bathrooms 3
Shared Bathrooms 1

Property Type House
Double Glazing Full
Sub Type Semi-Detached
Garage None
Tenure Freehold
Garden Rear
Construction Brick & Tile
Parking None
Condition Excellent
No Parking Spaces
Heating Gas Central Heating
EPC Rating
Size
Listed Building

Kitchens 1
Double 2
Reception Rooms 1
Double Ensuite 3
Ensuite Bathrooms 3
Shared Bathrooms 1

Photos

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Rental

Tenant Type
Professional
12 Month Occupancy

Occupancy
Fully Let
Tenancy Type

No. of Tenants
5

Tenant Type
Professional
Occupancy
Fully Let
12 Month Occupancy
Tenancy Type
No. of Tenants
5

Unit 1
£695
Let
Double Room / Ensuite

Unit 2
£650
Let
Double Room / Ensuite

Unit 3
£695
Let
Double Room / Ensuite

Unit 4
£605
Let
Double Room

Unit 5
£675
Let
Double Room

Total £3320

Costs

Gas £75
Water £32
Wifi £36
Electric £75
Cleaner £120
TV Licence £12
Insurance £33
Council Tax £161

Gas £75
Water £32
Wifi £36
Electric £75
Cleaner £120
TV Licence £12
Insurance £33
Council Tax £161

Total £544

LICENSING

HMO License Required Yes
HMO License Expiry 2023-10-01
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1143
Units of Accomodation 5

HMO License Required Yes
HMO License Expiry 2023-10-01
HMO License in Place Yes
No of Persons 6
HMO Licensing Cost £1143
Units of Accomodation 5

Management

Type Self Managed
Management Rate 10%
Monthly Management £332

FLOOR PLAN

LOCATION

Saint James Road, Watford, WD18 0DX, United Kingdom

BROCHURE

Download the investment brochure

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

Brilliant 5 Bed All Ensuite Professional HMO

St James Road, Watford WD18