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Incredible Fully Let 9 Bed HMO

Dendy Road Devon, TQ4
Asking Price
£TBC
Gross Yield
TBC%
9
8
9
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interior-1

Overview

InvestmentTBC
Gross£53.0K/10.09%
Net£45.6K/8.7%
RegionSouth West
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms9
Bathrooms8
Occupants9

Description

This is an incredible opportunity to purchase a ready made, newly refurbed 9 bed HMO.

This property has been refurbished to a very high standard throughout, currently fully tenanted and has a managing agent in place.

This property offers high returns of 10% yield and £52,980 per year.

Highlights

Fully Tenanted

Financials

FinancialsMonthlyAnnual
Gross Rent£4,414£52,973
Utilities£19£232
Net Rent£4,395£52,741

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£367,500
Deposit
£157,500
Monthly Payment
£2,257
Repayment
Est. Rent / mo
£4,414

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 TypeDetached
TenureFreehold
ConstructionBrick & Tile
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys3
GarageNone
GardenFront & Rear
ParkingNone
No Parking spaces1
Listed BuildingNo
Current EPC Rating68D
Potential EPC Rating82B
Sq Ft2,045 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£442
Management Rate10%

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 Units9
No of Occupants9
TypeStatusAmount
1. Double Room / EnsuiteLet£480
2. Double Room / EnsuiteLet£480
3. Double Room / EnsuiteLet£480
4. Double Room / EnsuiteLet£485
5. Double RoomLet£425
6. Double Room / EnsuiteLet£480
7. Double Room / EnsuiteLet£600
8. Double Room / EnsuiteLet£500
9. Double Room / EnsuiteLet£485
Total£4,415

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£220
TV licenseN/A
Insurance£12
Council TaxN/A
Total£232

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 Expiry2023-06-25
HMO Licensing Cost£1000
No of Persons9
Units of Accommodation9
AuthorityTorbay Council
Planning Use ClassSui Generis

Floorplans

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Dendy Road Devon, TQ4· TQ4 5DB

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