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Excellent 4 x En Suite (Studio) Mini HMO Property

Fairfield Street, Lincoln LN2
Asking Price
£TBC
Gross Yield
TBC%
4
4
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Property Image

Overview

InvestmentTBC
Gross£20.6K/10.82%
Net£17.7K/9.3%
RegionEast Mids
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyN/A
LicenseN/A
Bedrooms4
Bathrooms4
Occupants4

Description

An excellent full let mini HMO property refurbished in 2019 to an excellent standard, with trusted managing agent already in place. Comprising 4 units of accommodation, this brilliant HMO property provides investors cashflow from day 1.

Financials

FinancialsMonthlyAnnual
Gross Rent£1,713£20,558
Utilities£2£29
Net Rent£1,711£20,529

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£133,000
Deposit
£57,000
Monthly Payment
£817
Repayment
Est. Rent / mo
£1,713

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 Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingN/A
Current EPC RatingN/A
Potential EPC RatingN/A
Sq Ft690 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£206
Management Rate12%

Management Notes

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

Rentals

Tenant typeProfessional
Tenancy TypeN/A
12 Month Occupancy100
OccupancyVacant
No of Units4
No of Occupants4
TypeStatusAmount
1. StudioN/A£434
2. StudioN/A£476
3. StudioN/A£435
4. StudioN/A£368
Total£1,713

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£0
TV licenseN/A
Insurance£29
Council TaxN/A
Total£29

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

HMO Licensing

HMO License Information

HMO License RequiredNo
HMO License TypeN/A
HMO License in PlaceN/A
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons4
Units of Accommodation4
AuthorityFairfield Street, Lincoln Council
Authority URLN/A
Planning Use ClassN/A

Floorplans

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Virtual Tour

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Fairfield Street, Lincoln LN2· LN2 5NE

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