This is an investment opportunity to purchase an HMO in Guildford generating £49,500 rent pa & a gross yield of 9.3%.
Property details:
- Fully HMO licenced
- 4 x double bedrooms with ensuite bathrooms
- 1 x double bedroom
- 1 x single bedroom
- Shared kitchen/dining area
- Shared lounge
- 1 x shared bathroom
- Front and rear garden
- Off-road parking for 3 cars
- EPC rating D
- Council tax band D
Rental information:
- Room 1 - £600 pcm - single room
- Room 2 - £725 pcm - double room/ensuite
- Room 3 - £700 pcm - double room/ensuite
- Room 4 - £725 pcm - double room/ensuite
- Room 5 - £700 pcm - double room/ensuite
- Room 6 - £675 pcm double room
- Total rent pcm: £4,125
- Total rent pa: £49,500
Running costs:
The vendor provided us with the following running costs of this property:
- Council tax: £211 pcm
- Water bill: £44 pcm
- Gas bill: £140 pcm
- Electricity bill: £117 pcm
- Wifi: £59 pcm
- TV licence: £13 pcm
- Cleaner: £144 pcm
- Total cost pcm: £728
- Total cost pa: £8,736
Location information:
- The property is located in the Bellfields area in Guildford
- There is a local convenience store a short walk from the property
- Guildford town centre is 2 miles south of the property
- There is a bus stop just opposite the property with regular services into Guildford
- Guildford railway station is just over 2 miles from the property
- Easy access to the A3
Note:
Please note that Vesta has not visited this property and that all material has been provided by the vendor.