Overview
Description
This 22-unit all ensuite HMO in Church Street, Wellington, Telford, offers a prime investment opportunity priced at £1,500,000. With an impressive gross yield of 8.33% and annual rent of £125,004, it provides strong financial returns. The property is fully tenanted under a new 10 year FRI lease, ensuring steady income. The net yield is also 8.33%, with minimal operating costs.
The property spans 3,380 sq ft and includes 22 double ensuite rooms, each with its own kitchenette. There are three communal kitchens, a rear garden, and parking for seven cars. Constructed from brick and tile, it features full double glazing and gas central heating. The building is in excellent condition, offering a hassle-free investment with no additional refurbishment required.
Highlights
Financials
| Monthly | Annual | |
|---|---|---|
| Gross Rent | £10,417 | £125,004 |
| Utilities | £0 | £0 |
| Net Rent | £10,417 | £125,004 |
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
- Freehold Block
- Sub Type
- Other
- Tenure
- Freehold
- Construction
- Brick & Tile
- Condition
- Excellent
- Heating
- Gas Central Heating
- Double Glazing
- Full
- No Storeys
- 2
- Garage
- None
- Garden
- Rear
- Parking
- Off-Road
- No Parking spaces
- 7
- Listed Building
- No
- Current EPC Rating
- 76C
- Potential EPC Rating
- 81B
- Sq Ft
- 3,380 Sq Ft
Management
- HMO Management Type
- Self Managed
- Monthly Management
- £0
- Management Rate
- 0%
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Rentals
- Tenant type
- LHA
- Tenancy Type
- FRI Lease
- 12 Month Occupancy
- 100
- Occupancy
- Fully Let
- No of Units
- 1
- No of Occupants
- 22
| Type | Occ. | Status | Amount |
|---|---|---|---|
| 1. HMO Property | — | Let | £10,417 |
| Total | — | £10,417 |
Operating Costs
- Gas
- £0
- Water
- £0
- Wifi
- £0
- Electric
- N/A
- Cleaner
- £0
- TV license
- N/A
- Insurance
- £0
- Council Tax
- £0
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
- Mandatory
- HMO License in Place
- Not Required
- HMO License Expiry
- N/A
- HMO Licensing Cost
- N/A
- No of Persons
- 22
- Units of Accommodation
- 1
- Authority
- Telford & Wrekin
- Authority URL
- https://www.telford.gov.uk/
- Planning Use Class
- Sui Generis
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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