5 Bed HMO, Cleethorpes, DN35 7RN, £110,000

521E93 Brereton Avenue, Cleethorpes, DN35 7RN - 6 views - 7 months ago

Sold STC
HMO
ROI: 30%
51 m²
+6 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Room Rate

£416

Gross Rent

£2,080

Running Costs/mo

£1,281

Cashflow/mo

£799

Cashflow/yr

£9,591

ROI

30%

Gross Yield

23%













Property History

Listed for £110,000

August 29, 2024

Floor Plans

Description

  • Ready-Made Investment +
  • Annual Rental Income Of £30k +
  • 5 Good Sized Bedrooms +
  • Gas Central Heating +
  • Part Of A Portfolio Of 4 HMO's +
  • Great Investment Opportunity +
  • Popular Cleethorpes Location +
  • Council Ta Band A +

Offered to the market For Sale with No Onward Chain is this traditional 5 bedroom HMO property. Being sold together as part of a portfolio of 4 properties and currently partly tenanted with an annual rental income of approximately £30k.
The location is fantastic with this property as there are a number of amenities within walking distance and Cleethorpes Sea Front is just 10 minutes away.
The main accommodation on offer briefly comprises: entrance hallway, spacious living area with dining table & chairs, fitted kitchen with array of units and appliances and downstairs W.C.
The first floor also comes with five good sized bedrooms, which are all doubles and fitted bathroom with shower over the bath.
Externally, the property is designed with secured gardens to the front and rear. The rear is mainly laid with grass and 6 ft fencing. Must view to appreciate the sheer size of the property.

Entrance Hallway -

Bedroom 1 - 3.63m x 3.51m (11'11 x 11'6) -

Bedroom 2 - 4.06m x 2.90m (13'4 x 9'6) -

Lounge - 4.85m x 2.72m (15'11 x 8'11) -

Kitchen - 3.48m x 2.90m (11'5 x 9'6) -

W.C - 1.55m x 1.12m (5'1 x 3'8) -

Landing -

Bedroom 3 - 2.72m x 2.64m (8'11 x 8'8) -

Bedroom 4 - 4.06m x 2.92m (13'4 x 9'7) -

Bedroom 5 - 4.65m x 3.66m (15'3 x 12'0) -

Bathroom - 1.98m x 1.73m (6'6 x 5'8) -

Garden -

Agent Details

Farrow Estate Agent Ltd, Grimsby

01472 907517

Next Steps?

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

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