15 room HMO

0
Ref#: PEN-05829
Stourbridge, DY9
£695,000
1
Ref#: PEN-05829
Stourbridge, DY9
£695,000
2
Ref#: PEN-05829
Stourbridge, DY9
£695,000

Description

Comprises 2 buildings/3 dwellings

One x 5 bed HMO and two x 5 bed flats - Total of 15 rooms

One allocated parking space per room

Great location:-

5 min walk from local train station

2 minutes to bus stop

Close to local amenities

1 mile from popular Merry Hill Retail Park

Recently refurbished to a high standard, all en-suite, sprinkler system throughout, door entry system

All rooms currently let, producing a total monthly income of £6,938 or £83,256pa

Gross ROI 12%

This is a D2V, off market and fully exclusive deal

Property Videos

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For Sale
£165,000

7 Bedroom HMO offering an incredible 29.48% ROI!!!

Sunderand, SR2 7NQ
sq ft:

Please find below a fantastic 7 bedroom HMO purchase.

 

The property is a highly sought after area of Sunderland with a high rental demand. The property is situated within walking distance of Park Lane station for your national/regional bus and train services. The City Centre and University campus is within 5 minutes making it ideal to rent out to working professionals or students. There are several convenience stores within walking distance. There will be no issues in renewing the HMO licence.

 

The property has just undergone a full refurbishment so the buyer will benefit of the property being able to be let out as soon as a furniture pack is assembled!

 

GROUND FLOOR

FIRST FLOOR

SECOND FLOOR

OUTSIDE AREA

Kitchen

Bedroom 2

Bathroom + WC

Rear Enclosed Yard

WC

Bedroom 3

Bedroom 6

 

Lounge

Bedroom 4

Bedroom 7

 

Bedroom 1

Bedroom 5

 

 

 

Shower Room

 

 

 

Bathroom + WC

 

 

 

 

Address: Sunderland, SR2 7NQ

Purchase Price:

£165,000.00

Mortgage (85%):

£140,250.00

Deposit (15%)

£24,750.00

Stamp Duty:

£4,207.50

Furniture Pack:

£5,995.00

Refurbishment:

£0.00

Eternal Fee:

£4,995.00

Tenant Find/Check:

£875.00

Broker:

£495.00

Solicitor:

£750.00

Total Outlay:

£42,067.50

Gross Rental:

£1,581.67

Mortgage Payment (3%)

£350.63

Management Fee (12.5%)

£197.71

Net Rental Income:

£1,033.34

Net ROI:

29.48%

FURNITURE PACK: (all brand new)

Bed Base + Mattress x7

Bedside Table x7

Drawer Pack -x7

Desk + Chair x7

Kitchen Pack (Microwave, Kettle, Toaster)

Cleaning Pack (Mop, Bucket, Hoover)

2 Seater + 3 Seater Sofa

Coffee Table

Dining Table + Chairs

Fridge/Freezer

Washing Machine

 

 

For Sale
£145,000

7 Bedroom HMO offering an incredible 26.59% ROI

Sunderland, SR2 7LP
sq ft:

Please find below a fantastic 7 bedroom HMO purchase.

 

The property is a highly sought after area of Sunderland with a high rental demand. The property is situated within walking distance of Park Lane station for your national/regional bus and train services. The City Centre and University campus is within 5 minutes making it ideal to rent out to working professionals or students. There are several convenience stores within walking distance. There will be no issues in renewing the HMO licence.

 

 

 

GROUND FLOOR

FIRST FLOOR

SECOND FLOOR

OUTSIDE AREA

Kitchen

Bedroom 2

Bedroom 6

Rear Enclosed Yard

Utility Room

Bedroom 3

Bedroom 7

 

Lounge

Bedroom 4

 

 

Bedroom 1

Bedroom 5

 

 

Shower Room + WC

Shower Room

 

 

 

WC

 

 

 

Address: Sunderland, SR2

Purchase Price:

£145,000.00

Refinance Value:

£170,000.00

Mortgage (85%):

£123,250.00

New Mortgage (85%):

£144,500.00

Deposit (15%)

£21,750.00

Old Mortgage (85%)

£123,250.00

Stamp Duty:

£3,697.50

Equity Released:

£21,250.00

Furniture Pack:

£5,995.00

Equity in Property (15%)

£42,500.00

Refurbishment:

£10,000.00

% of Initial Investment Returned

43.76%

Eternal Fee:

£4,995.00

Gross Rental:

£866.67

Tenant Find/Check:

£875.00

Mortgage Payment (3%)

£361.25

Broker:

£495.00

Management Fee (12.5%)

£108.33

Solicitor:

£750.00

Net Rental Income:

£397.09

Total Outlay:

£48,557.50

Gross Rental:

£1,581.67

Property Type:

House

Mortgage Payment (3%)

£308.13

Style:

Terraced

Management Fee (12.5%)

£197.71

Bedrooms:

7

Net Rental Income:

£1,075.84

Garden:

Rear Yard

Net ROI:

26.59%

REFURBISHMENT DETAILS:

Full Decorative Works Throughout

ETERNAL FEE:

New Carpets / Flooring Throughout

Sourcing of BMV

New Bathroom Suite

Managing of Refurbishment

New Toilet x2

Help with Refinancing

Boiler Check and Service (CP12)

Site Clearance

Jet Wash and clear rear yard

FURNITURE PACK: (all brand new)

Bed Base + Mattress x7

Bedside Table x7

Drawer Pack -x7

Desk + Chair x7

Kitchen Pack (Microwave, Kettle, Toaster)

Cleaning Pack (Mop, Bucket, Hoover)

2 Seater + 3 Seater Sofa

Coffe Table

Dining Table + Chairs

Fridge/Freezer

Washing Machine

For Sale
£240,000

Licensed & tenanted HMO - 10.5% gross yield

Leeds, LS4
sq ft:

🔵 NEW DEALS THIS WEEK 🔵

🏘️ Ref:202 🏘️
High demand student HMO in Leeds - an excellent hands off investment 

5 bed 2 bath licensed and tenanted HMO, recently refurbished to high standard

Location: LS4 

Purchase price: £240,000
SDLT: £12,000
Sourcing fee: £2000 unmanaged

Rental: £26, 140 pa
Gross yield: 10.8%

Costs: £11,110 pa
Annual profit: £15,040

Net yield: 6%
ROCE: 20%

👉 Cash required: £75,000


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