Overview
InvestmentTBC
Gross£48.5K/5.4%
Net£43.6K/4.8%
RegionSouth East
TenantProfessional
SPV HeldYes
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseNo
Bedrooms6
Bathrooms10
Occupants6
Description
Superbly Renovated & Fully Tenanted Block of Apartments
Highlights
Fully Tenanted
Financials
MonthlyAnnual
Gross Rent£4,040£48,480
Utilities£0£0
Management£404£4,848
Net Rent£3,636£43,632
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
Payment
Rate
70%
5.5%
25y
Loan
£630,000
Deposit
£270,000
Monthly Payment
£3,869
Repayment
Est. Rent / mo
£4,040
This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.
Property
Property TypeBlock
Sub TypeFlat
TenureFreehold
ConstructionBrick & Tile
ConditionExcellent
HeatingElectric
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq Ft2,594 Sq Ft
Management
HMO Management TypeSelf Managed
Monthly Management£404
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 Units6
No of Occupants6
TypeOcc.StatusAmount
1. 1 Bed Flat—Let£600
2. 1 Bed Flat—Let£695
3. 2 Bed Flat—Let£695
4. 2 Bed Flat—Let£725
5. 1 Bed Flat—Let£625
6. 2 Bed Flat—Let£700
Total—£4,040
Operating Costs
Gas£0
Water£0
Wifi£0
Electric£0
Cleaner£0
TV license£0
Insurance£0
Council Tax£0
TotalN/A
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
HMO Licensing
HMO License RequiredNo
HMO License TypeN/A
HMO License in PlaceNo
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons0
Units of Accommodation0
AuthorityWellingborough, Council
Authority URLN/A
Planning Use ClassC3
Floorplans
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Vivian Road, Wellingborough NN8· NN8 1JL