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Incredible Newly Refurbed 6 Bed En-Suite HMO

Clive Way, Crawley, RH10
Asking Price
£TBC
Gross Yield
TBC%
6
6
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Property Image

Overview

InvestmentTBC
Gross£44.2K/8.5%
Net£38.0K/7.3%
RegionSouth East
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms6
Occupants6

Description

Incredible newly refurbished 6 double bed all en-suite HMO.

Refurbished to a high standard throughout, off-road parking for several cars, gym room plus front and rear gardens.

Currently fully let and with a managing agent in place, this property offers a healthy 8.5% yield and great capital growth potential.

Highlights

Capital Growth Potential
Off-Road Parking

Financials

FinancialsMonthlyAnnual
Gross Rent£3,683£44,200
Utilities£4£50
Net Rent£3,679£44,150

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£364,000
Deposit
£156,000
Monthly Payment
£2,235
Repayment
Est. Rent / mo
£3,683

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 TypeEnd Of Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOff-Road
No Parking spaces3
Listed BuildingNo
Current EPC Rating60D
Potential EPC Rating84B
Sq Ft1,313 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£461
Management Rate12.5%

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 Room / EnsuiteLet£700
2. Double Room / EnsuiteLet£700
3. Double Room / EnsuiteLet£600
4. Double Room / EnsuiteLet£635
5. Double Room / EnsuiteLet£550
6. Double Room / EnsuiteLet£500
Total£3,685

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£30
TV licenseN/A
Insurance£20
Council TaxN/A
Total£50

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 Expiry2024-04-30
HMO Licensing Cost£1200
No of Persons6
Units of Accommodation6
AuthorityClive Way, Crawley, Council
Authority URLN/A
Planning Use ClassC4

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Clive Way, Crawley, RH10· RH10 7AH

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