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Brilliant 4 Bed (all ensuite) Mini HMO

Rutland Street, Mansfield, NG18
Asking Price
£TBC
Gross Yield
TBC%
4
4
4
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interior-1

Overview

InvestmentTBC
Gross£22.5K/12.14%
Net£19.3K/10.4%
RegionEast Mids
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms4
Bathrooms4
Occupants4

Description

A brilliant fully let 4 Bed All En-Suite Mini HMO in the heart of Mansfield providing investors with excellent cash flow from day 1.

This existing HMO property is situated in the heart of Mansfield, with excellent proximity to the town centre, employment centres, very close to infrastructure and transport links.

It has been fully let at 100% occupancy for the past 4 years due to brilliant tenant demand in the area.

Highlights

Transport Links

Financials

FinancialsMonthlyAnnual
Gross Rent£1,872£22,459
Utilities£2£20
Net Rent£1,870£22,439

Mortgage

Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.

Payment
Rate
70%
5.5%
25y
Loan
£129,500
Deposit
£55,500
Monthly Payment
£795
Repayment
Est. Rent / mo
£1,872

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

Property

Property TypeHouse
Sub TypeSemi-Detached
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingN/A
Current EPC RatingN/A
Potential EPC RatingN/A
Sq FtN/A

Management

HMO Management TypeLocal Agent
Monthly Management£225
Management Rate12%

Management Notes

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

Rentals

Tenant typeProfessional
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyVacant
No of Units4
No of Occupants4
TypeStatusAmount
1. Double Room / EnsuiteN/A£411
2. Double Room / EnsuiteN/A£412
3. Double Room / EnsuiteN/A£499
4. StudioN/A£550
Total£1,872

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£0
TV licenseN/A
Insurance£20
Council TaxN/A
Total£20

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

HMO Licensing

HMO License Information

HMO License RequiredNo
HMO License TypeN/A
HMO License in PlaceYes
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons4
Units of Accommodation4
AuthorityMansfield Council
Authority URLN/A
Planning Use ClassC3

Floorplans

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Virtual Tour

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Rutland Street, Mansfield, NG18· NG18 4AW

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