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Super 11 Bed Ensuite HMO Professional Property

Marine Road Drive , Morecambe, LA4
Asking Price
£TBC
Gross Yield
TBC%
11
11
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Property Image

Overview

InvestmentTBC
Gross£65.7K/16.43%
Net£56.5K/14.1%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementN/A
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms11
Bathrooms11
Occupants11

Description

A well-located House in Multiple Occupation (HMO) property offering strong rental yields and diversified income streams. The property presents an attractive investment opportunity with established tenancies and good growth potential.

Financials

FinancialsMonthlyAnnual
Gross Rent£5,477£65,720
Utilities£12£140
Net Rent£5,465£65,580

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
£5,477

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
ConditionPoor
HeatingElectric
Double GlazingNone
No Storeys5
GarageNone
GardenNone
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq FtN/A

Management

HMO Management TypeN/A
Monthly Management£0
Management RateN/A

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 Units11
No of Occupants11
TypeStatusAmount
1. StudioLet£498
2. StudioLet£498
3. StudioLet£498
4. StudioLet£498
5. StudioLet£498
6. StudioLet£498
7. StudioLet£498
8. StudioLet£498
9. StudioLet£498
10. StudioLet£498
11. StudioLet£498
Total£5,478

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£100
TV licenseN/A
Insurance£40
Council TaxN/A
Total£140

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 RequiredYes
HMO License TypeN/A
HMO License in PlaceYes
HMO License Expiry2021-06-01
HMO Licensing Cost£1000
No of Persons15
Units of Accommodation11
AuthorityMarine Road Drive , Morecambe, Council
Authority URLN/A
Planning Use ClassN/A

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Marine Road Drive , Morecambe, LA4· LA4 5AA

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