#Ref. 690

Fab 4 Bed All Ensuite Town Centre HMO

£220K
Investment
Priest Lane HG4
Overview
Financials

Overview

£220,000
Investment
£21.0K/9.6%
Gross
£15.6K/%
Net
Yorks & Hum.
Region
Professional
Tenant
TBC
SPV Held
Local Agent
Management
Multi Tenancy (AST)
Tenancy
TBC
License
Bedrooms
4
Bathrooms
Occupants

Description

A great investment opportunity. A substantial mid terraced house renovated to a very high standard and converted to four stylish bedsits, all with private ensuite facilities and independent heating controls.
There is also a spacious communal area for use of the residents, with a modern kitchen, plus dining and living area.

Each bedsit is neutrally decorated with modern décor, plus a stylish private shower room. All the rooms feel light, airy and spacious. The bedsits are also equipped with satellite, TV and network points, plus an electric shaver point.

The bedsits occupy a handy city centre location, with shops and amenities available within a couple of minutes walk. Unrestricted on street parking is available close by, whilst the Ripon bus station is also just a short walk away, offering a comprehensive service to a number of areas, including the 36 bus route to Harrogate and Leeds.

The bedsits have provided a very high occupancy rate, at the time of listing the bedsits are at full capacity and when at capacity, they give a very generous gross yield in excess of 10%.

The conversion was carried out with no expense spared and the property has been maintained to a high standard by the current landlords.

Bedsits are in high demand and this rare investment opportunity gives an instant income.

Highlights

Fully Tenanted
Great Location
Strong Rental Demand
Financials
Financials
Monthly
Annual
Gross Rent
£1,750
£21,000
Utilities
£446
£5,352
Net Rent
£1,304
£15,648
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
3
Garage
None
Garden
Rear
Parking
No Parking spaces
Listed Building
No
Current EPC Rating
76C
Potential EPC Rating
Size
1,345 ft2
Features
Accomodation
Kitchens
1
Ensuite Bathrooms
4
Rentals
Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
Occupancy
Fully Let
No of Units
No of Occupants
Type
Status
Amount
Total
£1,750
Costs
Type of Cost
Amount
Gas
£95
Water
£30
Electric
£95
Cleaner
£0
TV license
£13
Insurance
£41
Council Tax
£127
Total
£446
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
11.5%
Monthly Management
£201
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
No of Persons
Units of Accommodation
Authority
Authority URL
Planning Use Class
C3
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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