House For Sale £425,000
This is an investment opportunity to purchase a 6-bed HMO in Banbury generating £39,012 rent pa & gross yield of 9.2%.
Property information
Rental information
Running costs
The vendor provided us with the following running costs for this property:
Location information
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Location
Banbury is a small town in the north of the county of Oxfordshire, which is in the south of England. This town is located 64 miles northwest of London, 37 miles southeast of Birmingham and 25 miles south-southeast of Coventry.
The town of Banbury is serviced by Banbury Railway Station, which is operated by Arriva?s Chiltern Railways, Great Western Railway and CrossCountry. This station is only a short 13-minutes away from this property via bus. The Chiltern Main line runs services from London Euston to Birmingham New Street and another service from Birmingham to Oxford. The CrossCountry offers routes to destinations in the south such as Reading, Southampton and Basingstoke, and north to Manchester Piccadilly and Newcastle.
Banbury is a historic market town and the heart of the town is still home to a bustling commercial and retail centre surrounded by primarily rural areas. Castle Quay shopping mall is the main shopping complex in the centre of town and has over a hundred stores including many popular high-street names. This shopping mall is in the centre of Banbury by the Oxford Canal, Banbury Museum and Tooley?s Boatyard.
There are many job opportunities in the local area including big employers such s Tesco, HomeServe, csc, Magna international and many more. Also, with quick transport links to the town of Oxford and surrounding areas commuters could easily make their way to jobs out of town.
There are various schooling options in the local area that may appeal to young families looking for educational institutions in walking distance. Hardwick Primary and Hill View Primary are both under ten-minutes away via foot and offer mixed-sex education up to the age of 11.
Property information
- HMO licence for 8 people in 6 bedrooms
- All bedrooms come with ensuite shower rooms
- Shared kitchen/dining room
- Rear garden with access via the kitchen
- The property is managed by the vendor
- EPC rating E
Rental information
- Room 1 - £520 pcm
- Room 2 - £498 pcm
- Room 3 - £693 pcm
- Room 4 - £520 pcm
- Room 5 - £520 pcm
- Room 6 - £500 pcm
- Total rent pcm: £3,251
- Total rent pa: £39,012
Running costs
The vendor provided us with the following running costs for this property:
- Gas: £180 pcm
- Council tax: £178 pcm
- Water: £120 pcm
- Wifi: £41 pcm
- Cleaner: £80 pcm
- Total cost pcm: £599
- Total cost pa: £7,188
Location information
- The property is located in the Grimsbury area of Banbury
- The city centre is less than 1 miles from the property and can easily reached on foot or by bus, using the stop a few yards from the property
- Banbury railway station is 0.5 miles away
- Moorfield Park is less than a 5-minute walk from the property
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Location
Banbury is a small town in the north of the county of Oxfordshire, which is in the south of England. This town is located 64 miles northwest of London, 37 miles southeast of Birmingham and 25 miles south-southeast of Coventry.
The town of Banbury is serviced by Banbury Railway Station, which is operated by Arriva?s Chiltern Railways, Great Western Railway and CrossCountry. This station is only a short 13-minutes away from this property via bus. The Chiltern Main line runs services from London Euston to Birmingham New Street and another service from Birmingham to Oxford. The CrossCountry offers routes to destinations in the south such as Reading, Southampton and Basingstoke, and north to Manchester Piccadilly and Newcastle.
Banbury is a historic market town and the heart of the town is still home to a bustling commercial and retail centre surrounded by primarily rural areas. Castle Quay shopping mall is the main shopping complex in the centre of town and has over a hundred stores including many popular high-street names. This shopping mall is in the centre of Banbury by the Oxford Canal, Banbury Museum and Tooley?s Boatyard.
There are many job opportunities in the local area including big employers such s Tesco, HomeServe, csc, Magna international and many more. Also, with quick transport links to the town of Oxford and surrounding areas commuters could easily make their way to jobs out of town.
There are various schooling options in the local area that may appeal to young families looking for educational institutions in walking distance. Hardwick Primary and Hill View Primary are both under ten-minutes away via foot and offer mixed-sex education up to the age of 11.
