Overview

InvestmentTBC

Gross£57.9K/12.9%

Net£51.5K/11.4%

RegionEast Mids

TenantProfessional

SPV HeldN/A

ManagementLocal Agent

TenancyMulti Tenancy (AST)

LicenseYes

Bedrooms11

Bathrooms11

Occupants19

Description

An excellent fully let 11 bedroom HMO in the centre of worksop.

This former guest house makes the perfect HMO with large ensuite rooms, and plenty of parking.

This HMO property provides investors with excellent cashflow from day 1

Financials

MonthlyAnnual

Gross Rent£4,828£57,936

Utilities£57£684

Management£483£5,794

Net Rent£4,288£51,458

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

£315,000

Deposit

£135,000

Monthly Payment

£1,934

Repayment

Est. Rent / mo

£4,828

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

ConstructionBrick & Tile

ConditionAverage

HeatingGas Central Heating

Double GlazingFull

No Storeys3

GarageNone

GardenNone

ParkingOff-Road

No Parking spaces6

Listed BuildingN/A

Current EPC Rating54E

Potential EPC RatingN/A

Sq FtN/A

Management

HMO Management TypeLocal Agent

Monthly Management£483

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 Units11

No of Occupants19

TypeOcc.StatusAmount

1. Single Room / Ensuite—Let£326

2. Double Room / Ensuite—Let£391

3. Double Room / Ensuite—Let£544

4. Double Room / Ensuite—Let£587

5. Double Room / Ensuite—Let£544

6. Double Room / Ensuite—Let£370

7. Double Room / Ensuite—Let£435

8. Single Room / Ensuite—Let£348

9. Double Room / Ensuite—Let£348

10. Double Room / Ensuite—Let£391

11. Double Room / Ensuite—Let£544

Total—£4,828

Operating Costs

GasN/A

WaterN/A

WifiN/A

ElectricN/A

CleanerN/A

TV licenseN/A

Insurance£57

Council TaxN/A

Total£57

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 Expiry2022-03-16

HMO Licensing Cost£1000

No of Persons19

Units of Accommodation11

AuthorityBassetLaw District Council

Authority URLhttps://www.bassetlaw.gov.uk/

Planning Use ClassSui Generis

Floorplans

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Virtual Tour

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Map

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Park Street, Worksop, S80· S80 1HW

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Brilliant 11 Bed Working Professional HMO