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4 Bed Fully Let Student HMO

King George’s Road, Bath BA2
Asking Price
£TBC
Gross Yield
TBC%
4
1
4
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Property Image

Overview

InvestmentTBC
Gross£20.6K/6%
Net£17.8K/5.2%
RegionSouth West
TenantStudent
SPV HeldN/A
ManagementSelf Managed
TenancyJoint Tenancy (AST)
LicenseYes
Bedrooms4
Bathrooms1
Occupants4

Description

a brilliant 4 bed student HMO property, which has been fully occupied, up and running for the last 10 years. In a superb location for students, this property is always one of the first to let for the coming academic years.

Financials

FinancialsMonthlyAnnual
Gross Rent£1,720£20,640
Utilities£3£30
Net Rent£1,717£20,610

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£240,800
Deposit
£103,200
Monthly Payment
£1,479
Repayment
Est. Rent / mo
£1,720

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
ConditionAverage
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq Ft807 Sq Ft

Management

HMO Management TypeSelf Managed
Monthly Management£172
Management Rate10%

Management Notes

Local managing agent on hand and available once the handover is complete from the current owner.

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

Rentals

Tenant typeStudent
Tenancy TypeJoint Tenancy (AST)
12 Month Occupancy100
OccupancyFully Let
No of Units4
No of Occupants4
TypeStatusAmount
1. Single RoomLet£430
2. Single RoomLet£430
3. Single RoomLet£430
4. Single RoomLet£430
Total£1,720

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£0
TV licenseN/A
Insurance£30
Council TaxN/A
Total£30

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 Expiry2023-12-31
HMO Licensing Cost£1000
No of Persons4
Units of Accommodation4
AuthorityBath and North East Somerset Council
Authority URLN/A
Planning Use ClassN/A

Floorplans

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King George’s Road, Bath BA2· BA2 1BJ

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