This is an investment opportunity to purchase an HMO property in Swansea generating £49,740 rent pa & gross yield of 10.5%.
Property information:
- Fully HMO licenced
- Split over 4 floors
- 6 x double rooms with ensuite shower room
- 2 x shared kitchens
- 2 x shared receptions
- Rear garden
- EPC rating D
- Council tax band D
Rental information:
- Room 1 - £750 pcm
- Room 2 - £675 pcm
- Room 3 - £675 pcm
- Room 4 - £675 pcm
- Room 5 - £675 pcm
- Room 6 - £695 pcm
- Monthly rental income: £4,145
- Annual rental income: £49,740
Running costs:
The vendor provided us with the following running costs of the property:
- Gas: £230 pcm
- Electricity: £260 pcm
- Council tax: £200 pcm
- Wifi: £40 pcm
- Water: £20 pcm
- TV licence: £20 pcm
- Cleaner: £60 pcm
- Total cost pcm: £830
- Total cost pa: £9,960
Location information:
- The property is located just outside of Swansea town centre
- Swansea town centre is only a short walk from the property
- Swansea railway station is 0.5 miles away
Note:
Please note that Vesta has not visited this property and that all material has been provided by the vendor.