Overview
InvestmentTBC
Gross£35.6K/8.9%
Net£35.2K/8.8%
RegionSouth West
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms7
Bathrooms7
Occupants7
Description
Brilliantly Located 7 Bed HMO
Financials
MonthlyAnnual
Gross Rent£2,968£35,616
Utilities£34£408
Net Rent£2,934£35,208
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
Payment
Rate
70%
5.5%
25y
Loan
£280,000
Deposit
£120,000
Monthly Payment
£1,719
Repayment
Est. Rent / mo
£2,968
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 TypeSemi-Detached
TenureFreehold
ConstructionStone
ConditionAverage
HeatingGas Central Heating
Double GlazingNone
No Storeys4
GarageNone
GardenRear
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC Rating59D
Potential EPC Rating79C
Sq Ft2,809 Sq Ft
Management
HMO Management TypeSelf Managed
Monthly Management£0
Management Rate0%
Management Notes
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 Occupants7
TypeOcc.StatusAmount
1. Double Room / Ensuite—Let£390
2. Single Room / Ensuite—Let£325
3. Studio—Let£650
4. Double Room / Ensuite—Let£390
5. Double Room / Ensuite—Let£433
6. Double Room / Ensuite—Let£390
7. Double Room / Ensuite—Let£390
Total—£2,968
Operating Costs
GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£0
TV licenseN/A
Insurance£34
Council TaxN/A
Total£34
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 Expiry2022-02-02
HMO Licensing Cost£1000
No of Persons7
Units of Accommodation7
AuthorityPlymouth City Council
Authority URLwww.plymouth.gov.uk
Planning Use ClassSui Generis
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Sussex Street Plymouth, PL1· PL1 2HR