Overview
InvestmentTBC
Gross£45.5K/9.6%
Net£39.0K/8.2%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms8
Bathrooms8
Occupants8
Description
Well located fully let professional HMO
Financials
MonthlyAnnual
Gross Rent£3,790£45,480
Utilities£160£1,920
Management£379£4,548
Net Rent£3,251£39,012
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
Payment
Rate
70%
5.5%
25y
Loan
£332,500
Deposit
£142,500
Monthly Payment
£2,042
Repayment
Est. Rent / mo
£3,790
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
ConditionGood
HeatingElectric
Double GlazingFull
No Storeys2
GarageNone
GardenNone
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating54E
Potential EPC Rating84B
Sq Ft1,765 Sq Ft
Management
HMO Management TypeLocal Agent
Monthly Management£379
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
OccupancyPartially Let
No of Units8
No of Occupants8
TypeOcc.StatusAmount
1. Studio—Let£495
2. Studio—Let£400
3. Studio—Vacant£450
4. Studio—Let£495
5. Studio—Let£450
6. Studio—Let£495
7. Studio—Let£525
8. Studio—Let£480
Total—£3,790
Operating Costs
GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£100
TV licenseN/A
Insurance£60
Council TaxN/A
Total£160
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 Expiry2023-04-17
HMO Licensing Cost£1000
No of Persons8
Units of Accommodation8
AuthorityRochdale Metropolitan Borough Council
Authority URLwww.rochdale.gov.uk
Planning Use ClassSui Generis
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Mellalieu Street, Middleton, Manchester M24· M24 5DN