Overview
InvestmentTBC
Gross£42.6K/8.5%
Net£40.5K/8.1%
RegionSouth East
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms5
Bathrooms5
Occupants5
Description
.
Financials
MonthlyAnnual
Gross Rent£3,550£42,600
Utilities£175£2,100
Net Rent£3,375£40,500
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
Payment
Rate
70%
5.5%
25y
Loan
£350,000
Deposit
£150,000
Monthly Payment
£2,149
Repayment
Est. Rent / mo
£3,550
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
ConditionExcellent
HeatingElectric
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating58D
Potential EPC Rating77C
Sq Ft1,151 Sq Ft
Management
HMO Management TypeSelf Managed
Monthly Management£0
Management RateN/A
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 Units5
No of Occupants5
TypeOcc.StatusAmount
1. Studio—Let£750
2. Double Room / Ensuite—Let£750
3. Double Room / Ensuite—Let£750
4. Double Room / Ensuite—Let£650
5. Double Room / Ensuite—Let£650
Total—£3,550
Operating Costs
GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£75
TV licenseN/A
Insurance£100
Council TaxN/A
Total£175
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
HMO Licensing
HMO License RequiredYes
HMO License TypeN/A
HMO License in PlaceYes
HMO License Expiry2027-01-01
HMO Licensing Cost£1000
No of Persons5
Units of Accommodation5
AuthorityWestcliff-on-Sea Council
Authority URLN/A
Planning Use ClassN/A
Floorplans
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Virtual Tour
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Queens Road, Westcliff on Sea, SS1· SS1 1PX