House For Sale £350,000
This is an investment opportunity to purchase an HMO property in Blackpool generating £66,240 rent pa & a gross yield of 18.9%.
Property information:
- Fully HMO licenced
- 11 x double bedrooms with ensuite bathrooms
- 1 x shared kitchen/dining area
- Wifi-enabled heating
- Double-glazing throughout
- EPC rating D
- Council tax band C
Rental information:
- Room 1 - £520 pcm - let
- Room 2 - £520 pcm - let
- Room 3 - £520 pcm - let
- Room 4 - £520 pcm - let
- Room 5 - £520 pcm - let
- Room 6 - £520 pcm - let
- Room 7 - £520 pcm - let
- Room 8 - £480 pcm - vacant
- Room 9 - £480 pcm - vacant
- Room 10 - £480 pcm - vacant
- Room 11 - £440 pcm - vacant
- Monthly rental income: £5,520
- Annual rental income: £66,240
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £219 pcm
- Gas: £110 pcm
- Electricity: £100 pcm
- Water: £55 pcm
- Broadband: £35 pcm
- TV licence: £140 pcm
- Cleaner: £30 pcm
- Total cost pcm: £689
- Total cost pa: £8,268
Location information:
- The property is just a short walk from Blackpool town centre
- Blackpool North railway station is around 1.2 miles away
- There are a number of local amenities just short walk away
- There are bus stops just a short walk from the property with regular services
- Easy access to the A5073
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- Fully HMO licenced
- 11 x double bedrooms with ensuite bathrooms
- 1 x shared kitchen/dining area
- Wifi-enabled heating
- Double-glazing throughout
- EPC rating D
- Council tax band C
Rental information:
- Room 1 - £520 pcm - let
- Room 2 - £520 pcm - let
- Room 3 - £520 pcm - let
- Room 4 - £520 pcm - let
- Room 5 - £520 pcm - let
- Room 6 - £520 pcm - let
- Room 7 - £520 pcm - let
- Room 8 - £480 pcm - vacant
- Room 9 - £480 pcm - vacant
- Room 10 - £480 pcm - vacant
- Room 11 - £440 pcm - vacant
- Monthly rental income: £5,520
- Annual rental income: £66,240
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £219 pcm
- Gas: £110 pcm
- Electricity: £100 pcm
- Water: £55 pcm
- Broadband: £35 pcm
- TV licence: £140 pcm
- Cleaner: £30 pcm
- Total cost pcm: £689
- Total cost pa: £8,268
Location information:
- The property is just a short walk from Blackpool town centre
- Blackpool North railway station is around 1.2 miles away
- There are a number of local amenities just short walk away
- There are bus stops just a short walk from the property with regular services
- Easy access to the A5073
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
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