Under Offer

Super 6 Bed All Ensuite Pro HMO

Carlton Terrace, Swansea, SA1

Asking price
£TBC
Gross yield
TBC
Bedrooms
6
Bathrooms
6
Occupants
6

Overview

InvestmentTBC
Gross£49.7K/10.5%
Net£48.2K/10.1%
RegionWales
TenantProfessional
SPV HeldN/A
ManagementN/A
TenancyMulti Tenancy (AST)
LicenseN/A
Bedrooms6
Bathrooms6
Occupants6

Description

This mid-terrace house in Swansea represents a compelling investment opportunity for those looking to enter the HMO market. With a gross yield of 10.47 percent and a net yield of 8.2 percent, this property demonstrates strong financial viability. Currently fully tenanted and generating a gross annual rent of £49,740, the property achieves an impressive occupancy rate of 100 percent over the past 12 months. The various ensuite double rooms appeal primarily to professionals seeking quality shared living arrangements, bolstered by the full property management services that streamline operations and tenant relations.

The property features six well-appointed double ensuite bedrooms, two kitchens, and two spacious reception rooms, catering to the needs of modern tenants. Each ensuite bathroom enhances privacy and convenience, fostering a comfortable living environment. The communal areas are designed to encourage interaction among tenants while offering ample space for individual living. The property is conditionally excellent, constructed with durable brick and tile materials, and benefits from full double glazing. A rear garden provides an outdoor retreat for residents, while on-road parking ensures accessibility. With a total area of 2023 sq ft across four storeys, this HMO design maximizes space for a vibrant community atmosphere.

Situated in a prime location in Swansea, the property boasts strong local amenities and excellent transport links. Residents will benefit from proximity to key services and facilities, enhancing their living experience and investment potential. The area's dynamic rental market reflects a high demand for professional tenants, making this HMO an attractive proposition for investors seeking long-term growth. Nearby public transport options facilitate easy commutes, further solidifying the property's desirability in the competitive HMO landscape.

Highlights

Fully Tenanted
Transport Links
Public Transport
Double Glazing

Financials

MonthlyAnnual
Gross Rent£4,145£49,740
Utilities£130£1,560
Net Rent£4,015£48,180

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
£4,145

This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.

Property

Property Type
House
Sub Type
Mid-Terrace
Tenure
Freehold
Construction
Brick & Tile
Condition
Excellent
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
4
Garage
None
Garden
Rear
Parking
On-Road
No Parking spaces
0
Listed Building
No
Current EPC Rating
67D
Potential EPC Rating
81B
Sq Ft
2,023 Sq Ft

Management

HMO Management Type
N/A
Monthly Management
£0
Management Rate
N/A

Management Notes

HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.

Rentals

Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
100
Occupancy
Fully Let
No of Units
6
No of Occupants
6
TypeOcc.StatusAmount
1. Double Room / Ensuite—Let£750
2. Double Room / Ensuite—Let£675
3. Double Room / Ensuite—Let£675
4. Double Room / Ensuite—Let£675
5. Double Room / Ensuite—Let£675
6. Double Room / Ensuite—Let£695
Total—£4,145

Operating Costs

Gas
N/A
Water
N/A
Wifi
N/A
Electric
N/A
Cleaner
£60
TV license
N/A
Insurance
£70
Council Tax
N/A
Total£130

HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.

HMO Licensing

HMO License Required
Yes
HMO License Type
N/A
HMO License in Place
N/A
HMO License Expiry
N/A
HMO Licensing Cost
N/A
No of Persons
6
Units of Accommodation
6
Authority
Swansea, Council
Authority URL
N/A
Planning Use Class
N/A

Floorplans

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Virtual Tour

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Carlton Terrace, Swansea, SA1· SA1 6AB

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