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Newly Refurbed 6 Bed HMO

Oxford Street St. Helens, WA10
Asking Price
£TBC
Gross Yield
TBC%
6
2
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Property Image

Overview

InvestmentTBC
Gross£26.9K/12.21%
Net£23.1K/10.5%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms2
Occupants6

Description

This is an incredible opportunity to purchase a ready made, newly refurbed 6 bed HMO.

This property has been refurbished to a very high standard throughout, currently fully tenanted and has a managing agent in place.

This property offers high returns of 12% yield and £27k per year.

Highlights

Fully Tenanted

Financials

FinancialsMonthlyAnnual
Gross Rent£2,239£26,862
Utilities£7£80
Net Rent£2,232£26,782

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£154,000
Deposit
£66,000
Monthly Payment
£946
Repayment
Est. Rent / mo
£2,239

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
TenureLeasehold
ConstructionBrick & Tile
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating74C
Potential EPC Rating86B
Sq Ft1,377 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£224
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
TypeStatusAmount
1. Double RoomLet£385
2. Double RoomLet£368
3. Double RoomLet£342
4. Double RoomLet£368
5. Double RoomLet£385
6. Double RoomLet£390
Total£2,238

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£55
TV licenseN/A
Insurance£25
Council TaxN/A
Total£80

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 Expiry2022-03-04
HMO Licensing Cost£200
No of Persons6
Units of Accommodation6
AuthorityOxford Street St. Helens, Council
Authority URLN/A
Planning Use ClassN/A

Floorplans

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Oxford Street St. Helens, WA10· WA10 2BX

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