Overview

InvestmentTBC

Gross£28.9K/10.3%

Net£24.5K/8.8%

RegionEast Of Eng.

TenantProfessional

SPV HeldN/A

ManagementLocal Agent

TenancyMulti Tenancy (AST)

LicenseYes

Bedrooms5

Bathrooms2

Occupants6

Description

An excellent full let and licensed HMO property refurbished in 2019 to an excellent standard, with trusted managing agent already in place. Comprising 5 units of accommodation, this immaculate HMO property provides investors cashflow from day 1.

Financials

MonthlyAnnual

Gross Rent£2,405£28,860

Utilities£120£1,440

Management£241£2,886

Net Rent£2,045£24,534

Mortgage

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

Payment

Rate

Loan-to-Value (LTV)

70%

Interest Rate

5.5%

Term

25y

Loan

£196,000

Deposit

£84,000

Monthly Payment

£1,204

Repayment

Est. Rent / mo

£2,405

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 TypeEnd Of Terrace

TenureFreehold

ConstructionBrick & Tile

ConditionExcellent

HeatingGas Central Heating

Double GlazingFull

No Storeys2

GarageNone

GardenFront & Rear

ParkingOff-Road

No Parking spaces2

Listed BuildingN/A

Current EPC RatingN/A

Potential EPC RatingN/A

Sq FtN/A

Management

HMO Management TypeLocal Agent

Monthly Management£241

Management Rate10%

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 Units5

No of Occupants6

TypeOcc.StatusAmount

1. Double Room—Let£541

2. Double Room—Let£498

3. Double Room—Let£498

4. Single Room—Let£434

5. Single Room—Let£434

Total—£2,405

Operating Costs

GasN/A

WaterN/A

WifiN/A

ElectricN/A

Cleaner£100

TV licenseN/A

Insurance£20

Council TaxN/A

Total£120

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 Expiry2024-05-28

HMO Licensing CostN/A

No of Persons6

Units of Accommodation5

AuthorityPeterborough Council

Authority URLN/A

Planning Use ClassC3

Floorplans

Floorplans will be available soon

Virtual Tour

Virtual tour will be available soon

Map

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New Road, Woodstone, Peterborough, PE2· PE2 9HF

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Immaculate 5 Bed Professional HMO