Amazing 7 Bed HMO - Guaranteed Rent Option - Fully Let

Westfield Terrace, Wakefield WF1

REF 746

  • INVESTMENT

    £320,000

  • GROSS YIELD

    9.85%

  • ANNUAL RENT

    £31,512

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Sold

  • INVESTMENT

    £320,000

  • GROSS YIELD

    9.85%

  • ANNUAL RENT

    £31,512

  • REF

    746

SOLD DETAILS

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Fully Managed
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FINANCIALS

  • Investment £320,000
  • Gross Annual Rent £31,512
  • Gross Monthly Rent £2,626
  • Gross Yield 9.85%
  • Net Monthly Rent £2,253
  • Net Yield 8.45%
  • Min 25% Deposit Requirement £80,000
  • Monthly Mortgage Payment* £500
  • Monthly Cashflow £1,753

*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 £320,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 59D
  • Size 1948 ft²
  • Listed Building No
  • Kitchens 2
  • Double 6
  • Double Ensuite 1
  • Shared Bathrooms 2
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking On-Road
  • Condition Good
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 59D
  • Size 1948 ft²
  • Listed Building No
  • Kitchens 2
  • Double 6
  • Double Ensuite 1
  • Shared Bathrooms 2
  • Seperate WCs 1
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Photos

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VIRTUAL TOUR

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VIRTUAL TOUR NOT AVAILABLE

Use the most immersive way to experience a property online. Take a virtual tour.

VIRTUAL TOUR NOT AVAILABLE
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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 7
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 7
  • Unit 1
  • £369
  • Let
  • Double Room
  • Unit 2
  • £369
  • Let
  • Double Room
  • Unit 3
  • £369
  • Let
  • Double Room
  • Unit 4
  • £369
  • Let
  • Double Room
  • Unit 5
  • £369
  • Let
  • Double Room
  • Unit 6
  • £369
  • Let
  • Double Room
  • Unit 7
  • £412
  • Let
  • Double Room / Ensuite
  • Total £2626
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Costs

  • Gas £85
  • Water £40
  • Wifi £40
  • Electric £85
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £110
  • Gas £85
  • Water £40
  • Wifi £40
  • Electric £85
  • Cleaner
  • TV Licence £13
  • Insurance
  • Council Tax £110
  • Total £373
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2024-05-24
  • HMO License in Place Yes
  • No of Persons 7
  • HMO Licensing Cost £600
  • Units of Accomodation 7
  • HMO License Required Yes
  • HMO License Expiry 2024-05-24
  • HMO License in Place Yes
  • No of Persons 7
  • HMO Licensing Cost £600
  • Units of Accomodation 7
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Management

  • Type Self Managed

Cube Lettings - Maintenance, tenant checks, rental collection

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FLOOR PLAN

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LOCATION

Westfield Terrace, Wakefield, WF1 3RD, United Kingdom

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BROCHURE

Download the investment 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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SOLD DETAILS