House For Sale £925,000
This is an investment opportunity to purchase a 6-bed HMO in Milton Keynes generating £40,380 rent pa & gross yield of 4.4%.
Property information
Rental information
The property has been successfully let as an HMO over the last 10 years due to its location and close proximity to the town centre.
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.
Property information
- HMO licence for 8 people in 6 bedrooms
- One bedroom comes with ensuite shower room
- All other tenants share 2 bathrooms
- Shared kitchen
- Separate lounge
- Downstairs WC
- Rear garden with access via the kitchen
- Off-street parking for 3 vehicles
- EPC rating C
Rental information
The property has been successfully let as an HMO over the last 10 years due to its location and close proximity to the town centre.
- Room 1 - £690 pcm
- Room 2 - £470 pcm
- Room 3 - £500 pcm
- Room 4 - £550 pcm
- Room 5 - £575 pcm
- Room 6 - £580 pcm
- Total rent pcm: £3,365
- Total rent pa: £40,380
Running costs
The vendor provided us with the following running costs for this property:
- Council tax: £220 pcm
- Gas: £74 pcm
- Electricity: £61 pcm
- Water: £34 pcm
- Wifi: £26 pcm
- TV licence: £13 pcm
- Total cost pcm: £428
- Total cost pa: £5,136
Location information
- The property is located in the Loughton area of Milton Keynes
- The city centre is less than 1 mile from the property and can easily be reached on foot
- Milton Keynes Central railway station is 0.5 miles away
- South Loughton Valley Park is less than a 5-minute walk from the property
- Easy access to the A5 and the wider road network
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
