#Ref. 623
Brilliant 11 Bed Working Professional HMO
£SOLD
Investment
Park Street, Worksop, S80
Sold
Overview
Financials
Overview
£SOLD
Investment
£57.9K (...%)
Gross
£48.0K (...%)
Net
East Mids
Region
Professional
Tenant
No
SPV Held
Local Agent
Management
Multi Tenancy (AST)
Tenancy
Yes
License
11
Bedrooms
11
Bathrooms
11
Occupants
Description
An excellent fully let 11 bedroom HMO in the centre of worksop.
This former guest house makes the perfect HMO with large ensuite rooms, and plenty of parking.
This HMO property provides investors with excellent cashflow from day 1
This former guest house makes the perfect HMO with large ensuite rooms, and plenty of parking.
This HMO property provides investors with excellent cashflow from day 1
Highlights
Fully Tenanted
Great Location
Strong Rental Demand
Financials
Financials
Monthly
Annual
Gross Rent
£4,828
£57,936
Utilities
£826
£9,912
Net Rent
£4,002
£48,024
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
Semi-Detached
Tenure
Freehold
Construction
Brick & Tile
Condition
Average
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
3
Garage
None
Garden
None
Parking
Off-Road
No Parking spaces
6
Listed Building
Current EPC Rating
54E
Potential EPC Rating
Size
ft2
Features
Accomodation
Kitchens
1
Kitchenettes
6
Reception Rooms
1
Ensuite Bathrooms
11
Rentals
Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
Occupancy
Fully Let
No of Units
11
No of Occupants
11
Type
Status
Amount
1.
Single Room / Ensuite
Let
£326
2.
Double Room / Ensuite
Let
£391
3.
Double Room / Ensuite
Let
£544
Total
£4,828
Costs
Type of Cost
Amount
Gas
£216
Water
£100
Wifi
£37
Electric
£200
TV license
£10
Insurance
£57
Council Tax
£206
Total
£826
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
10%
Monthly Management
£483
Management Notes
HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.
Licensing
HMO License Required
Yes
HMO License Type
HMO License in Place
Yes
HMO License Expiry
2022-03-16
HMO Licensing Cost
£1,000
No of Persons
19
Units of Accommodation
11
Authority
BassetLaw District Council
Authority URL
Planning Use Class
Sui Generis
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
Unlock Full Access
Join AgentHMO (free) & unlock the benefits.
Access detailed Live HMO Listings
Exclusive Member Benefits
Fast & 100% Free
UKs Dedicated HMO Marketplace