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Incredible 6 Bed HMO

Grimsby Road Cleethorpes, DN35
Asking Price
£TBC
Gross Yield
TBC%
6
2
6
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interior-1

Overview

InvestmentTBC
Gross£23.4K/15.6%
Net£20.1K/13.4%
RegionNorth East
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms2
Occupants6

Description

This is a fantastic opportunity for new and experienced landlords alike, this is a 6 bed HMO in good condition and is currently fully let.

The property has 5 double bedrooms, 1 single bedroom, kitchen, 2 bathrooms and a separate toilet.

Great opportunity to purchase your first HMO property with a smaller investment. There is a managing agent in place, making it a great hands off choice, and the property is currently has an impressive 15.6% gross yield!

Financials

FinancialsMonthlyAnnual
Gross Rent£1,950£23,400
Utilities£1£10
Net Rent£1,949£23,390

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£105,000
Deposit
£45,000
Monthly Payment
£645
Repayment
Est. Rent / mo
£1,950

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 TypeMid-Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionAverage
HeatingGas Central Heating
Double GlazingFull
No Storeys2
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC Rating68D
Potential EPC Rating82B
Sq Ft1,711 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£244
Management Rate12.5%

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
OccupancyFully Let
No of Units6
No of Occupants6
TypeStatusAmount
1. Double RoomLet£325
2. Double RoomLet£325
3. Double RoomLet£368
4. Double RoomLet£325
5. Single RoomLet£282
6. Double RoomLet£325
Total£1,950

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
CleanerN/A
TV licenseN/A
Insurance£10
Council TaxN/A
Total£10

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 Expiry2026-01-25
HMO Licensing CostN/A
No of Persons6
Units of Accommodation6
AuthorityCleethorpes Council
Authority URLN/A
Planning Use ClassN/A

Floorplans

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Virtual Tour

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Grimsby Road Cleethorpes, DN35· DN35 7EZ

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