House For Sale £500,000
This is an investment opportunity to purchase an HMO property in Southend generating £42,600 rent pa & a gross yield of 8.5%.
Property information:
- HMO licence for 5 persons
- 4 x bedrooms with ensuite bathrooms
- 1 x studio room
- Shared kitchen and dining area
- Fully refurbished
- Wifi-enabled heating
- EPC rating D
- Council tax band C
- The property is managed by a third party
Rental information:
- Room 1 - £750 pcm
- Room 2 - £750 pcm
- Room 3 - £750 pcm
- Room 4 - £650 pcm
- Room 5 - £650 pcm
- Monthly rental income: £3,550
- Annual rental income: £42,600
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £150 pcm
- Electricity: £150 pcm
- Water: £100 pcm
- Wifi: £50 pcm
- Cleaner: £75 pcm
- Total cost pcm: £525
- Total cost pa: £6,300
Location information:
- The property is located within the Westcliff-on-Sea area of Southend-on-Sea
- Southend town centre is a 5-minute walk from the property
- Southend Victoria railway station is 0.5 mile north-east and Southend Central is 0.5 mile south-east
- Easy access to the A127 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- HMO licence for 5 persons
- 4 x bedrooms with ensuite bathrooms
- 1 x studio room
- Shared kitchen and dining area
- Fully refurbished
- Wifi-enabled heating
- EPC rating D
- Council tax band C
- The property is managed by a third party
Rental information:
- Room 1 - £750 pcm
- Room 2 - £750 pcm
- Room 3 - £750 pcm
- Room 4 - £650 pcm
- Room 5 - £650 pcm
- Monthly rental income: £3,550
- Annual rental income: £42,600
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £150 pcm
- Electricity: £150 pcm
- Water: £100 pcm
- Wifi: £50 pcm
- Cleaner: £75 pcm
- Total cost pcm: £525
- Total cost pa: £6,300
Location information:
- The property is located within the Westcliff-on-Sea area of Southend-on-Sea
- Southend town centre is a 5-minute walk from the property
- Southend Victoria railway station is 0.5 mile north-east and Southend Central is 0.5 mile south-east
- Easy access to the A127 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
