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Super 5 Bed Professional All Ensuite HMO

Harwoods Road, Watford, WD18
Asking Price
£TBC
Gross Yield
TBC%
5
4
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Property Image

Overview

InvestmentTBC
Gross£36.6K/8.13%
Net£31.5K/7%
RegionGreater London
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyN/A
LicenseYes
Bedrooms5
Bathrooms4
Occupants5

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£3,049£36,585
Utilities£13£153
Net Rent£3,036£36,432

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£315,000
Deposit
£135,000
Monthly Payment
£1,934
Repayment
Est. Rent / mo
£3,049

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
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingNone
No Parking spaces0
Listed BuildingN/A
Current EPC RatingN/A
Potential EPC RatingN/A
Sq FtN/A

Management

HMO Management TypeSelf Managed
Monthly Management£305
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 TypeN/A
12 Month Occupancy100
OccupancyFully Let
No of Units5
No of Occupants5
TypeStatusAmount
1. Double Room / EnsuiteLet£650
2. Double Room / EnsuiteLet£650
3. Double Room / EnsuiteLet£625
4. Double RoomLet£595
5. Double RoomLet£530
Total£3,050

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£120
TV licenseN/A
Insurance£33
Council TaxN/A
Total£153

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 Expiry2023-10-01
HMO Licensing Cost£1400
No of Persons6
Units of Accommodation5
AuthorityHarwoods Road, Watford, Council
Authority URLN/A
Planning Use ClassC3

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Harwoods Road, Watford, WD18· WD18 7RU

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