#Ref. 581
Excellent 4 x En Suite (Studio) Mini HMO Property
£190K
Investment
Fairfield Street, Lincoln LN2
Overview
Financials
Overview
£190,000
Investment
£20.5K/11%
Gross
£15.8K/%
Net
East Mids
Region
Professional
Tenant
TBC
SPV Held
Local Agent
Management
TBC
Tenancy
TBC
License
Bedrooms
4
Bathrooms
Occupants
Description
An excellent full let mini HMO property refurbished in 2019 to an excellent standard, with trusted managing agent already in place. Comprising 4 units of accommodation, this brilliant HMO property provides investors cashflow from day 1.
Highlights
Fully Tenanted
Great Location
Strong Rental Demand
Financials
Financials
Monthly
Annual
Gross Rent
£1,713
£20,556
Utilities
£394
£4,728
Net Rent
£1,319
£15,828
Mortgage
Deposit Amount
Loan Amount
APR
Monthly Payment
Annual Payment
This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages.For more information on HMO mortgages click here.
Purchase
Stamp Duty
Legals
Buyers Fee
Mortgage Deposit
Total Capital Required
Disclaimer Purchase costs may vary depending on your individual circumstance. This investment example For full information always check with your solicitor. For more information click here.
Property
Property Type
House
Sub Type
Mid-Terrace
Tenure
Freehold
Construction
Brick & Tile
Condition
Good
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
2
Garage
None
Garden
Rear
Parking
No Parking spaces
Listed Building
Current EPC Rating
Potential EPC Rating
Size
690 ft2
Features
Accomodation
Kitchens
0
Kitchenettes
4
Reception Rooms
0
Shared Bathrooms
0
Ensuite Bathrooms
4
Separate WC’s
0
Rentals
Tenant type
Professional
Tenancy Type
12 Month Occupancy
Occupancy
Fully Let
No of Units
No of Occupants
Type
Status
Amount
Total
£1,713
Costs
Type of Cost
Amount
Gas
£75
Water
£52
Electric
£75
Cleaner
£0
TV license
£0
Insurance
£29
Council Tax
£109
Total
£394
HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.
Management
HMO Management Type
Local Agent
Management Rate
12%
Monthly Management
£206
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Licensing
HMO License Required
No
HMO License Type
HMO License in Place
HMO License Expiry
HMO Licensing Cost
HMO Licensing varies by local authority. For full information always check with your local authority. For more information on HMO Licensing Click Here.
Floor Plans
Floorplan of this listing is not available.
360º Virtual Tour
360º Virtual Tour of this listing is not available.
Map
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