Overview
InvestmentTBC
Gross£40.6K/9.6%
Net£35.1K/8.3%
RegionSouth East
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms6
Occupants6
Description
.
Financials
MonthlyAnnual
Gross Rent£3,385£40,620
Utilities£118£1,416
Management£339£4,062
Net Rent£2,929£35,142
Mortgage
Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.
Payment
Rate
70%
5.5%
25y
Loan
£297,500
Deposit
£127,500
Monthly Payment
£1,827
Repayment
Est. Rent / mo
£3,385
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 GlazingFull
No Storeys4
GarageNone
GardenFront & Rear
ParkingOff-Road
No Parking spaces1
Listed BuildingNo
Current EPC Rating71C
Potential EPC Rating82B
Sq Ft1,431 Sq Ft
Management
HMO Management TypeLocal Agent
Monthly Management£339
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
TypeOcc.StatusAmount
1. Studio—Let£585
2. Double Room / Ensuite—Let£500
3. Double Room / Ensuite—Let£580
4. Double Room / Ensuite—Let£575
5. Double Room / Ensuite—Let£550
6. Double Room / Ensuite—Let£595
Total—£3,385
Operating Costs
GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£60
TV licenseN/A
Insurance£58
Council TaxN/A
Total£118
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 Expiry2022-11-06
HMO Licensing Cost£1000
No of Persons6
Units of Accommodation6
AuthorityMaidstone Borough Council
Authority URLhttps://www.maidstone.gov.uk
Planning Use ClassN/A
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Boxley Road, Maidstone, ME14· ME14 2TL