House For Sale £160,000
This is an investment opportunity to purchase a HMO in Derby generating £18,644 rent pa & gross yield of 11.7%.
Property information
Rental information
Running costs
The vendor provided us with the following running costs of this property:
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Property information
- HMO licence for up to 5 people
- The property underwent extensive refurbishment works in 2019
- Shared kitchen
- Separate dining room/lounge
- 2 x shared bathrooms
- EPC rating E
Rental information
- Room 1 - £300 pcm, let since March 2020
- Room 2 - £325 pcm, let since February 2019
- Room 3 - £282 pcm, let since February 2019
- Room 4 - £346.66 pcm, let since December 2018
- Room 5 - £300 pcm, let since August 2020
- Total rent pcm: £1,553.66
- Total rent pa: £18,643.92
Running costs
The vendor provided us with the following running costs of this property:
- Gas & electricity: £81 pcm
- Council tax: £119 pcm
- Water bill: £106.77 pcm
- TV licence: £13.24 pcm
- Virgin media (TV, broadband): £48.50 pcm
- Total cost pcm: £368.51
- Total cost pa: £4,422.12
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
