House For Sale £300,000
This is an investment opportunity to purchase a HMO property in Blackpool generating £37,432 rent pa & gross yield of 12.5%.
Property information:
- Fully HMO licenced
- Spread over 3 floors
- Comprising 7 self-contained apartments
- 3 x studio apartments
- 4 x 1-bed apartments
- 2 of the studio apartments share 1 bathroom
- EPC ratings C, D & E
- Council tax band C
Rental information:
- Apartment 1 - £550 pcm
- Apartment 3 - £400 pcm
- Apartment 4 - £412 pcm
- Apartment 5 - £370 pcm
- Apartment 6 - £433.33 pcm
- Apartment 8 - £477 pcm
- Apartment 9 - £477 pcm
- Aggregate monthly rental income £3,119.33
- Aggregate annual rental income £37,431.96
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £183 pcm
- Electricity: £1,400 pcm
- Water: £17 pcm
- Total cost pcm: £1,600
- Total cost pa: £19,200
Location information:
- Located just a few minutes' walk from the bustling centre of Blackpool and the pier
- Close to Blackpool University campus
- Blackpool North railway station is 0.7 miles from the property
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- Fully HMO licenced
- Spread over 3 floors
- Comprising 7 self-contained apartments
- 3 x studio apartments
- 4 x 1-bed apartments
- 2 of the studio apartments share 1 bathroom
- EPC ratings C, D & E
- Council tax band C
Rental information:
- Apartment 1 - £550 pcm
- Apartment 3 - £400 pcm
- Apartment 4 - £412 pcm
- Apartment 5 - £370 pcm
- Apartment 6 - £433.33 pcm
- Apartment 8 - £477 pcm
- Apartment 9 - £477 pcm
- Aggregate monthly rental income £3,119.33
- Aggregate annual rental income £37,431.96
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £183 pcm
- Electricity: £1,400 pcm
- Water: £17 pcm
- Total cost pcm: £1,600
- Total cost pa: £19,200
Location information:
- Located just a few minutes' walk from the bustling centre of Blackpool and the pier
- Close to Blackpool University campus
- Blackpool North railway station is 0.7 miles from the property
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
