House For Sale £1,000,000
This is an investment opportunity to purchase an HMO property in Eastbourne generating £84,084 rent pa & 8.4% gross yield.
Property information:
- Fully HMO licenced
- 6 x double bedrooms with ensuite bathrooms
- 5 x single bedrooms with ensuite bathrooms
- 2 x Shared kitchen/diner
- Comes with a rear garden
- EPC rating D
- Council tax band C
Rental information:
- Room 1 - £637 pcm
- Room 2 - £637 pcm
- Room 3 - £637 pcm
- Room 4 - £637 pcm
- Room 5 - £637 pcm
- Room 6 - £637 pcm
- Room 7 - £637 pcm
- Room 8 - £637 pcm
- Room 9 - £637 pcm
- Room 10 - £637 pcm
- Room 11 - £637 pcm
- Monthly rental income: £7,007
- Annual rental income: £84,084
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £150 pcm
- Gas: £50 pcm
- Electricity: £150 pcm
- Water: £120 pcm
- Wifi: £66 pcm
- TV licence: £13 pcm
- Cleaner: £120 pcm
- Total cost pcm: £669
- Total cost pa: £8,028
Location information:
- The property is located just outside Eastbourne town centre
- Many local amenities are just a short walk from the property
- Eastbourne railway station is 0.7 miles away and can easily be reached within a 15-minute walk
- The promenade is a short walk away
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- Fully HMO licenced
- 6 x double bedrooms with ensuite bathrooms
- 5 x single bedrooms with ensuite bathrooms
- 2 x Shared kitchen/diner
- Comes with a rear garden
- EPC rating D
- Council tax band C
Rental information:
- Room 1 - £637 pcm
- Room 2 - £637 pcm
- Room 3 - £637 pcm
- Room 4 - £637 pcm
- Room 5 - £637 pcm
- Room 6 - £637 pcm
- Room 7 - £637 pcm
- Room 8 - £637 pcm
- Room 9 - £637 pcm
- Room 10 - £637 pcm
- Room 11 - £637 pcm
- Monthly rental income: £7,007
- Annual rental income: £84,084
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £150 pcm
- Gas: £50 pcm
- Electricity: £150 pcm
- Water: £120 pcm
- Wifi: £66 pcm
- TV licence: £13 pcm
- Cleaner: £120 pcm
- Total cost pcm: £669
- Total cost pa: £8,028
Location information:
- The property is located just outside Eastbourne town centre
- Many local amenities are just a short walk from the property
- Eastbourne railway station is 0.7 miles away and can easily be reached within a 15-minute walk
- The promenade is a short walk away
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
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