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Epic 7 Bed HMO

West Street, Banbury OX16
Asking Price
£TBC
Gross Yield
TBC%
7
7
9
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interior-1

Overview

InvestmentTBC
Gross£50.0K/10.5%
Net£48.9K/10.3%
RegionSouth East
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms7
Bathrooms7
Occupants9

Description

Well located professional HMO within walking distance to the town centre.

Financials

MonthlyAnnual
Gross Rent£4,167£50,004
Utilities£90£1,080
Net Rent£4,077£48,924

Mortgage

Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.

Payment
Rate
70%
5.5%
25y
Loan
£332,500
Deposit
£142,500
Monthly Payment
£2,042
Repayment
Est. Rent / mo
£4,167

This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.

Property

Property TypeHouse
Sub TypeMid-Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys4
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating57D
Potential EPC Rating80C
Sq Ft1,485 Sq Ft

Management

HMO Management TypeSelf Managed
Monthly Management£0
Management Rate0%

Management Notes

Local Management Available at 12%

HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.

Rentals

Tenant typeProfessional
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyFully Let
No of Units7
No of Occupants9
TypeOcc.StatusAmount
1. Double Room—Let£460
2. Double Room / Ensuite—Let£480
3. Double Room—Let£715
4. Double Room / Ensuite—Let£563
5. Double Room / Ensuite—Let£693
6. Double Room / Ensuite—Let£606
7. Double Room / Ensuite—Let£650
Total—£4,167

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£50
TV licenseN/A
Insurance£40
Council TaxN/A
Total£90

HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.

HMO Licensing

HMO License RequiredYes
HMO License TypeN/A
HMO License in PlaceYes
HMO License Expiry2021-09-13
HMO Licensing Cost£1000
No of Persons9
Units of Accommodation7
AuthorityCherwell District Countil
Authority URLwww.cherwell.gov.uk
Planning Use ClassN/A

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West Street, Banbury OX16· OX16 3HD

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