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Super 6 Bed HMO Property

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

Overview

InvestmentTBC
Gross£35.8K/10.23%
Net£30.8K/8.8%
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; including an original Milton tiled hallway.

Room rental prices include all bills (water, electric, gas, council tax, TV licence, broadband connection and cleaning of communal areas). TV aerial ports 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 2 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

Basement laundry room: With a tumble dryer, clothes airers, worktops and additional fridge freezer.

Financials

FinancialsMonthlyAnnual
Gross Rent£2,984£35,805
Utilities£12£140
Net Rent£2,972£35,665

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
£2,984

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 GlazingPart
No Storeys4
GarageNone
GardenFront & Rear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating50E
Potential EPC Rating82B
Sq Ft1,603 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£209
Management Rate7%

Management Notes

Holmes Naden

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£495
2. Double RoomLet£495
3. Double RoomLet£425
4. Double RoomLet£550
5. Double RoomLet£545
6. Double RoomLet£475
Total£2,985

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 Expiry2023-09-02
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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