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Super X Bed Pro HMO

Myerscough Street Barrow-in-Furness
Asking Price
£TBC
Gross Yield
TBC%
6
6
6
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Property Image

Overview

InvestmentTBC
Gross£41.5K/16.59%
Net£35.7K/14.3%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementLocal Agent
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms6
Bathrooms6
Occupants6

Description

A well-located House in Multiple Occupation (HMO) property offering strong rental yields and diversified income streams. The property presents an attractive investment opportunity with established tenancies and good growth potential.

Financials

FinancialsMonthlyAnnual
Gross Rent£3,456£41,475
Utilities£15£182
Net Rent£3,441£41,293

Mortgage

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

Payment
Rate
70%
5.5%
25y
Loan
£175,000
Deposit
£75,000
Monthly Payment
£1,075
Repayment
Est. Rent / mo
£3,456

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 TypeEnd Of Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionExcellent
HeatingGas Central Heating
Double GlazingFull
No Storeys3
GarageNone
GardenNone
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC Rating76C
Potential EPC Rating84B
Sq Ft1,603 Sq Ft

Management

HMO Management TypeLocal Agent
Monthly Management£415
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
OccupancyFully Let
No of Units6
No of Occupants6
TypeStatusAmount
1. Double Room / EnsuiteLet£587
2. Double Room / EnsuiteLet£587
3. Double Room / EnsuiteLet£565
4. Double Room / EnsuiteLet£565
5. Double Room / EnsuiteLet£565
6. Double Room / EnsuiteLet£587
Total£3,456

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£140
TV licenseN/A
Insurance£42
Council TaxN/A
Total£182

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 TypeMandatory
HMO License in PlaceYes
HMO License Expiry2025-01-23
HMO Licensing Cost£583
No of Persons6
Units of Accommodation6
AuthorityBarrow-in-Furness Council
Authority URLN/A
Planning Use ClassN/A

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Myerscough Street Barrow-in-Furness· LA14 2AT

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