8 Bed HMO, Bognor Regis, PO21 2QB, £600,000

Nyewood Lane, Bognor Regis, West Sussex, PO21 2QB - 2 views - 7 months ago

HMO
ROI: 7%
~248 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Total Cash In

£186,700

 

 

Cash Out

 

Room Rate

£606

Gross Rent

£4,850

Running Costs/mo

£3,829

Cashflow/mo

£1,021

Cashflow/yr

£12,252

ROI

7%

Gross Yield

10%













Property History

Listed for £600,000

August 23, 2024

Description

  • Investment Opportunity +
  • Long Term HMO License +
  • Eight Bedrooms +
  • Communal Kitchen/Breakfast Room +
  • Managable Rear Garden +
  • Parking For Several Cars +
  • Three Bathrooms +
  • Achieving £4,850pcm +
  • Freehold +
  • No Chain +

*Guide Price £600,000-£650,000*

Here we have a fantastic investment opportunity which is a substantial eight bedroom HMO property located in a prime location in Aldwick.

The property is laid out with two ground floor bedrooms, four first floor bedrooms and two second floor bedrooms. The communal space has a large kitchen/breakfast room and a bathroom that services each floor.

To the rear is an easily managable garden with access to the side and at the front is parking for three cars.

This is a freehold property achieving a rental income of £4,850pcm.

Sales Disclaimer:

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.

Agent Details

Leaders Sales, Bognor Regis

01243 973384

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.