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HMO

5 x Bedroom HMO

Wednesbury, Walsall

£250,000Fixed price

This property has been refurbished to a very high standard throughout and is currently fully tenanted. The property benefits from a shared kitchen dining area and a back garden. The property was originally going to be a 6 bed HMO but as one bedroom is under the minimum HMO room size it is rented as a 5 bed. There may be a potential to make a use of 6th bedroom with a slight amendment to the floorplan.

This property offers high returns of 9% yield and £23k per year.

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Good Transport Links
  • Shared Kitchen Dining Area
  • Investment £250,000
  • Gross Annual Rent £24,180
  • Gross Monthly Rent £2,015
  • Gross Yield 9.67%
  • Net Monthly Rent £1,586
  • Net Yield 7.61%
  • Min 25% Deposit Requirement £62,500
  • Monthly Mortgage Payment* £391
  • Monthly Cashflow £1,195

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

  • Buyers Fee£0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit £2,000

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is £2000 then the balance due on completion is £248,000.

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Concrete
  • Parking Off-Road
  • Condition Good
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating 71C
  • Size 990 ft²
  • Listed Building No
  • Kitchens 1
  • Reception Rooms 1
  • Double Ensuite 5
  • Ensuite Bathrooms 5
Unit 1 (Double room / ensuite)
£415pcm
Unit 2 (Double room / ensuite)
£400pcm
Unit 3 (Double room / ensuite)
£400pcm
Unit 4 (Double room / ensuite)
£400pcm
Unit 5 (Double room / ensuite)
£400pcm

Marketed by

Agent HMO

Call
0203 970 4112

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