House For Sale £425,000
This is an investment opportunity to purchase an HMO property in Maidstone generating £40,620 rent pa & gross yield of 9.6%.
Property information:
- Fully HMO licenced
- 5 x double bedrooms with ensuite bathrooms
- 1 x studio bedroom
- Shared kitchen/diner
- Separate laundry
- Comes with front and rear garden
- EPC rating C
- Council tax band C
Rental information:
- Room 1 - £585 pcm
- Room 2 - £500 pcm
- Room 3 - £585 pcm
- Room 4 - £575 pcm
- Room 5 - £550 pcm
- Room 6 - £595 pcm
- Monthly rental income: £3,385
- Annual rental income: £40,620
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £152 pcm
- Gas: £100 pcm
- Electricity: £100 pcm
- Water: £67 pcm
- Broadband: £63 pcm
- Cleaner: £60 pcm
- TV licence: £14 pcm
- Total cost pcm: £556
- Total cost pa: £6,672
Location information:
- The property is just half a mile north of Maidstone town centre
- Maidstone East railway station is also 0.5 miles from the property and can be reached in a 10-minute walk
- There is a convenience store just a short walk from the property
- Easy access to the A229
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- Fully HMO licenced
- 5 x double bedrooms with ensuite bathrooms
- 1 x studio bedroom
- Shared kitchen/diner
- Separate laundry
- Comes with front and rear garden
- EPC rating C
- Council tax band C
Rental information:
- Room 1 - £585 pcm
- Room 2 - £500 pcm
- Room 3 - £585 pcm
- Room 4 - £575 pcm
- Room 5 - £550 pcm
- Room 6 - £595 pcm
- Monthly rental income: £3,385
- Annual rental income: £40,620
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £152 pcm
- Gas: £100 pcm
- Electricity: £100 pcm
- Water: £67 pcm
- Broadband: £63 pcm
- Cleaner: £60 pcm
- TV licence: £14 pcm
- Total cost pcm: £556
- Total cost pa: £6,672
Location information:
- The property is just half a mile north of Maidstone town centre
- Maidstone East railway station is also 0.5 miles from the property and can be reached in a 10-minute walk
- There is a convenience store just a short walk from the property
- Easy access to the A229
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
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