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Amazing 6 Bed Fully Managed HMO

Cumberland Street Macclesfield, SK10
Asking Price
£TBC
Gross Yield
TBC%
6
2
6
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interior-1

Overview

InvestmentTBC
Gross£35.6K/10.17%
Net£30.6K/8.7%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms2
Occupants6

Description

This substantial and characterful Victorian house benefits from exceptionally large bedrooms, high ceilings and period features.

Room rental prices include all bills (water, electric, gas, council tax, TV licence, broadband and fortnightly cleaning of all communal areas). TV aerial ports and power sockets are installed in all bedrooms.

Exterior There is a small, gated garden area to the front of the property. At the rear there is a spacious stone paved patio area, which is partially covered.

The ground floor comprises

Kitchen New modern fully fitted kitchen with cream gloss units and wood-effect worktops Washing machines Dishwasher 5-ring range style cooker with double oven, grill, black glass splash back and extractor American style fridge freezer Convection microwave, standard microwave, toaster, kettle, crockery, cutlery, utensils and cookware

Lounge and dining area With 2-seater settee, television, dining table & chairs

Basement room With second washing machine and coin operated tumble dryer

Highlights

Dining Area

Financials

FinancialsMonthlyAnnual
Gross Rent£2,966£35,595
Utilities£12£140
Net Rent£2,954£35,455

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£245,000
Deposit
£105,000
Monthly Payment
£1,505
Repayment
Est. Rent / mo
£2,966

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
ConditionGood
HeatingGas Central Heating
Double GlazingNone
No Storeys4
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating56D
Potential EPC Rating83B
Sq Ft1,700 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£208
Management Rate7%

Management Notes

Ellis Pemberley Holmes Naden LTD

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
TypeStatusAmount
1. Double RoomLet£525
2. Double RoomLet£495
3. Double RoomLet£450
4. Double RoomLet£545
5. Double RoomLet£475
6. Double RoomLet£475
Total£2,965

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£90
TV licenseN/A
Insurance£50
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 Expiry2024-12-12
HMO Licensing Cost£600
No of Persons6
Units of Accommodation6
AuthorityMacclesfield, Council
Authority URLN/A
Planning Use ClassC4

Floorplans

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Cumberland Street Macclesfield, SK10· SK10 1DD

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