#Ref. 775
Incredible 6 Bed HMO
£SOLD
Investment
Grimsby Road Cleethorpes, DN35
Sold
Overview
Financials
Overview
£SOLD
Investment
£23.4K (...%)
Gross
£19.2K (...%)
Net
North East
Region
Professional
Tenant
No
SPV Held
Local Agent
Management
Multi Tenancy (AST)
Tenancy
Yes
License
6
Bedrooms
2
Bathrooms
6
Occupants
Description
This is a fantastic opportunity for new and experienced landlords alike, this is a 6 bed HMO in good condition and is currently fully let.
The property has 5 double bedrooms, 1 single bedroom, kitchen, 2 bathrooms and a separate toilet.
Great opportunity to purchase your first HMO property with a smaller investment. There is a managing agent in place, making it a great hands off choice, and the property is currently has an impressive 15.6% gross yield!
The property has 5 double bedrooms, 1 single bedroom, kitchen, 2 bathrooms and a separate toilet.
Great opportunity to purchase your first HMO property with a smaller investment. There is a managing agent in place, making it a great hands off choice, and the property is currently has an impressive 15.6% gross yield!
Highlights
Fully Tenanted
Fully Refurbished
Great Location
Financials
Financials
Monthly
Annual
Gross Rent
£1,950
£23,400
Utilities
£342
£4,104
Net Rent
£1,608
£19,296
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
Average
Heating
Gas Central Heating
Double Glazing
Full
No Storeys
2
Garage
None
Garden
Rear
Parking
On-Road
No Parking spaces
0
Listed Building
No
Current EPC Rating
68D
Potential EPC Rating
82B
Size
1,711 ft2
Features
Accomodation
Kitchens
1
Shared Bathrooms
2
Separate WC’s
1
Rentals
Tenant type
Professional
Tenancy Type
Multi Tenancy (AST)
12 Month Occupancy
Occupancy
Fully Let
No of Units
6
No of Occupants
6
Type
Status
Amount
1.
Double Room
Let
£325
2.
Double Room
Let
£325
3.
Double Room
Let
£368
Total
£1,950
Costs
Type of Cost
Amount
Gas
£65
Water
£53
Wifi
£30
Electric
£65
TV license
£13
Insurance
£10
Council Tax
£106
Total
£342
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
12.5%
Monthly Management
£244
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
2026-01-25
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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