Overview
Description
The property presents an attractive investment opportunity in the HMO market, showcasing strong financial metrics that appeal to investors. Currently fully let with a 12-month occupancy rate of 100%, this property generates a gross rental income of £42,600 per annum, translating to a gross yield of 4.26%. The tenant profile is primarily composed of professionals, ensuring steady demand and reliable rent payments. Management costs and operating expenses are structured to keep net returns robust, with a net monthly income of £3,550 after bills. The commitment to maintaining the property in excellent condition supports continued tenant satisfaction and retention.
This mid-terrace HMO comprises five units, featuring four double bedrooms, including a well-appointed double ensuite room. The communal living space is complemented by a shared bathroom and an ensuite bathroom, enhancing tenant comfort. The modern kitchen is functional and efficiently designed, leading into the spacious reception room that provides a welcoming atmosphere for residents. Additional highlights include gas central heating and full double glazing, ensuring energy efficiency. The property also boasts a rear garden, valuable for outdoor leisure. The extensive living space, coupled with well-defined tenant-oriented amenities, positions this property as an attractive rental option in the market.
Situated in a desirable area of Maidstone, the property benefits from excellent local amenities and transport links. The proximity to essential services and shops enhances its appeal to professional tenants, while on-road parking offers convenience for residents and their visitors. The serene environment combined with easy access to public transportation options makes this location a practical choice for those commuting in the South East. Nearby parks and recreational areas further enrich the living experience, presenting a well-rounded lifestyle opportunity for tenants.
Highlights
Financials
| Financials | Monthly | Annual |
|---|---|---|
| Gross Rent | £3,550 | £42,600 |
| Utilities | £0 | £0 |
| Net Rent | £3,550 | £42,600 |
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
Management
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Rentals
Operating Costs
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
HMO Licensing
HMO License Information
Floorplans
Floorplans will be available soon
Virtual Tour
Virtual tour will be available soon
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Map
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