9 Bed HMO, Harrogate, HG1 5HD, £799,995

5 Mayfield Grove, Harrogate, HG1 5HD - 3 views - a year ago

HMO
ROI: 2%
169 m²
+14 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£199,999

Stamp Duty & Legal Fees

£52,700

Total Cash In

£252,698

 

 

Cash Out

 

Room Rate

£555

Gross Rent

£4,995

Running Costs/mo

£4,634

Cashflow/mo

£361

Cashflow/yr

£4,333

ROI

2%

Gross Yield

7%













Property History

Listed for £799,995

September 27, 2023

Floor Plans

Description

  • FULLY LET HMO Investment property +
  • 6 self-contained bedsits +
  • 3 additional bedsits +
  • 3 bathrooms +

INVESTMENT OPPORTUNITY HMO, offering a 8.9% Return- Victorian mid terrace containing 6 self-contained bedsits and 3 additional bedsits.

An opportunity to acquire a Victorian mid terrace property containing six self-contained bedsits, three additional bedsits and three bathrooms.

The room sizes are as follows

Flat 1
Room A 17.8 m2
Room B 17.9 m2
Room C 15.3 m2
Room D 15.8 m2
Room E 20.5 m2

Flat 2
Room A 16 m2
Room B 24.4 m2
Room C 16.2 m2
Room D 19.8 m2

The properties are fully let and income producing, therefore making this an ideal investment opportunity.

Mayfield Grove is ideally located within moments walking distance of the town centre and all of its amenities. Due to the property's position it is an ideal investment buy, appealing to a variety of occupants including the commuter, as easy access can be gained onto a good road and rail network leading to the larger cities within the area.

From the Odeon cinema proceed along East Parade and at the mini roundabout turn left into Bower Road. Proceed under the railway bridge and turn right into Mayfield Grove.

All mains services are connected to the property.

Agent Details

FSS, Harrogate

01423 227954

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.