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On Hold

Super X Bed Pro HMO

Allen Street Maidstone ME14
Asking Price
£TBC
Gross Yield
TBC%
5
3
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Overview

InvestmentTBC
Gross£42.6K/4.26%
Net£36.6K/3.7%
RegionSouth East
TenantProfessional
SPV HeldN/A
ManagementN/A
TenancyMulti Tenancy (AST)
LicenseN/A
Bedrooms5
Bathrooms3
Occupants5

Description

The property presents an attractive investment opportunity in the HMO market, showcasing strong financial metrics that appeal to investors. Currently fully let with a 12-month occupancy rate of 100%, this property generates a gross rental income of £42,600 per annum, translating to a gross yield of 4.26%. The tenant profile is primarily composed of professionals, ensuring steady demand and reliable rent payments. Management costs and operating expenses are structured to keep net returns robust, with a net monthly income of £3,550 after bills. The commitment to maintaining the property in excellent condition supports continued tenant satisfaction and retention.

This mid-terrace HMO comprises five units, featuring four double bedrooms, including a well-appointed double ensuite room. The communal living space is complemented by a shared bathroom and an ensuite bathroom, enhancing tenant comfort. The modern kitchen is functional and efficiently designed, leading into the spacious reception room that provides a welcoming atmosphere for residents. Additional highlights include gas central heating and full double glazing, ensuring energy efficiency. The property also boasts a rear garden, valuable for outdoor leisure. The extensive living space, coupled with well-defined tenant-oriented amenities, positions this property as an attractive rental option in the market.

Situated in a desirable area of Maidstone, the property benefits from excellent local amenities and transport links. The proximity to essential services and shops enhances its appeal to professional tenants, while on-road parking offers convenience for residents and their visitors. The serene environment combined with easy access to public transportation options makes this location a practical choice for those commuting in the South East. Nearby parks and recreational areas further enrich the living experience, presenting a well-rounded lifestyle opportunity for tenants.

Highlights

Transport Links
Public Transport
Double Glazing
Gas Central Heating
Excellent Condition

Financials

FinancialsMonthlyAnnual
Gross Rent£3,550£42,600
Utilities£0£0
Net Rent£3,550£42,600

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£699,999
Deposit
£300,000
Monthly Payment
£4,299
Repayment
Est. Rent / mo
£3,550

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
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys3
GarageNone
GardenRear
ParkingOn-Road
No Parking spaces0
Listed BuildingNo
Current EPC RatingN/A
Potential EPC RatingN/A
Sq FtN/A

Management

HMO Management TypeN/A
Monthly Management£0
Management RateN/A

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 Units5
No of Occupants5
TypeStatusAmount
1. Double RoomLet£675
2. Double Room / EnsuiteLet£850
3. Double RoomLet£700
4. Double RoomLet£675
5. Double RoomLet£650
Total£3,550

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
CleanerN/A
TV licenseN/A
InsuranceN/A
Council TaxN/A
TotalN/A

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 RequiredN/A
HMO License TypeN/A
HMO License in PlaceN/A
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons5
Units of Accommodation5
AuthorityMaidstone Council
Authority URLN/A
Planning Use ClassN/A

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Allen Street Maidstone ME14· ME14 5AG

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