Overview
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
Financials
| Monthly | Annual | |
|---|---|---|
| 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.
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
| Type | Occ. | Status | Amount |
|---|---|---|---|
| 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
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
Floorplans will be available soon
Virtual Tour
Virtual tour will be available soon
Contact us to arrange a viewing
Map
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