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Incredible 5 Bed HMO

Gilpin Street, Peterborough, PE1 3BS
Asking Price
£TBC
Gross Yield
TBC%
5
5
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Property Image

Overview

InvestmentTBC
Gross£38.6K/9.77%
Net£33.2K/8.4%
RegionEast Of Eng.
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancySingle Tenancy (AST)
LicenseYes
Bedrooms5
Bathrooms5
Occupants5

Description

An excellent full let and licensed HMO property refurbished in 2019 to an excellent standard, with trusted managing agent already in place.

Comprising 5 units of accommodation, this immaculate HMO property provides investors cashflow from day 1.

Financials

FinancialsMonthlyAnnual
Gross Rent£3,216£38,592
Utilities£4£50
Net Rent£3,212£38,542

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£276,500
Deposit
£118,500
Monthly Payment
£1,698
Repayment
Est. Rent / mo
£3,216

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
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces5
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq FtN/A

Management

HMO Management TypeLocal Agent
Monthly Management£386
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 TypeSingle Tenancy (AST)
12 Month Occupancy100
OccupancyVacant
No of Units5
No of Occupants5
TypeStatusAmount
1. Double Room / EnsuiteN/A£650
2. Double Room / EnsuiteN/A£650
3. Double Room / EnsuiteN/A£650
4. Double Room / EnsuiteN/A£691
5. Double Room / EnsuiteN/A£575
Total£3,216

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£25
TV licenseN/A
Insurance£25
Council TaxN/A
Total£50

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 RequiredYes
HMO License TypeN/A
HMO License in PlaceYes
HMO License Expiry2023-06-01
HMO Licensing Cost£750
No of Persons6
Units of Accommodation5
AuthorityPeterborough City Council
Authority URLN/A
Planning Use ClassC4

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Gilpin Street, Peterborough, PE1 3BS· PE1 3BS

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