This is an investment opportunity to purchase an HMO property in Weston-Super-Mare generating £70,800 rent pa & a gross yield of 11.8%.
Property information:
- HMO licence pending
- The main property comprises:
-- 6 x bedrooms
-- 3 x shared bathrooms
-- 1 x shared kitchen/living room
- There is also a 1-bed self-contained annexe at the rear of the property
- Fully refurbished property and annexe, including:
-- New boiler
-- New heating system
-- New furniture and fittings throughout
-- New fire doors
-- Full fire alarm system
-- Emergency lighting
- Off-road parking for up to 4 cars at the front of the property
- EPC rating C
- Council tax band C
Rental information:
- Room 1 - £800 pcm
- Room 2 - £700 pcm
- Room 3 - £800 pcm
- Room 4 - £700 pcm
- Room 5 - £800 pcm
- Room 6 - £800 pcm
- Annexe - £1,300 pcm
- Monthly rental income: £5,900
- Annual rental income: £70,800
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £116 pcm
- Gas & electricity: £220 pcm
- Water: £40 pcm
- Virgin media (TV, broadband): £60 pcm
- TV licence: £26.50 pcm
- Cleaner: £100 pcm
- Total cost pcm: £562.50
- Total cost pa: £6,750
Location information:
- The property is located just outside of the town centre of Weston-super-Mare
- Weston-super-Mare town centre is a 10-minute walk from the property
- Weston-super-Mare railway station is 0.4 mile away and can easily be reached on foot
- Easy access to the A370 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
