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4-bed HMO for Sale under 62k,near Teesside Uni, Middlesbrough, England

GBP 61,950

Description:

A great BTL HMO investment opportunity is now available with BBP Estates in 4 minutes From Teesside University. Offering 4 bedrooms with the capacity to generate £ 325 per month per room. Or the standard rate of £ 75 per week per room. This would allow for a healthy £ 15,600 gross rental yield.

Property Details

Tenure: Freehold

Location: Middlesbrough

Type Of Property: Terraced

Bedrooms: 4

Essential Financial Information

Rental Income: £ 5,720 pa

Net Rental Income: £ 4,210 pa

Net Rental Yield: 7 %

Return On Investment: 27 %

Gross Yield: 9 %

Mortgage Illustration

Based on 75% Loan To Value (LTV).
Mortgage Product:Interest Only @3.25%

Guide Price:  £ 61,950

Deposit Required: £ 15,488

Mortgage Amount: £ 46,463

Mortgage Payment: £ 126 pm

Need Finance to buy this?

Please let us know, if you need finance. Our team of experts can help you to buy this property with a range of options personalised to you. Even if you are an overseas investor, or representing a company registered elsewhere, financing opportunities still may be available.

 

State/County:
Country: United Kingdom
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Property Id : 21296
Price: GBP 61,950
Bedrooms: 4
Fitted Kitchen
Fitted Bathroom
Fire & Safety Complaint
Tenanted
Higher Return on Investment
walkscore97 / Walker's Paradise more details here

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