• High Rental Income: The HMO at 10 Cromer Road generates an annual income of £57,600, providing a gross yield of 9.93%. +
• Strong Net Yield: After expenses, the property delivers a net income of £41,076, resulting in a net yield of 7.08%, offering solid returns. +
• Excellent Transport Links: Southend benefits from two major rail lines to London, strong road links via the A127 and A13, and international access through London Southend Airport, ideal for commuters. +
• Regeneration Boost: Ongoing seafront and town center regeneration projects are expected to drive up property values, enhancing long-term investment potential. +
• Consistent Tenant Demand: The property attracts steady demand from working professionals, driven by Southend’s key employers like the NHS, Southend University Hospital, and the local aviation sector. +
• Tourism Appeal: Popular attractions such as Southend Pier and Adventure Island, along with a vibrant seaside culture, boost the town’s economic vibrancy and rental demand. +
• University Presence: The University of Essex’s Southend campus contributes to the town’s diverse tenant base, supporting long-term HMO occupancy. +
• Balanced Expenditure: The property’s running costs are within standard ranges, with moderate management fees, ensuring a stable net income for investors. +

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Property Overview
Address: 10 Cromer Road, Southend-On-Sea, SS1 2DU
Property Type: High-Yield Quality HMO
Size: 7 bedroom, all ensuite
Condition: Well maintained and professionally managed

Location Highlights:
Southend-on-Sea, a thriving coastal town in Essex, presents a compelling case for HMO investment due to its robust local economy and consistent tenant demand. The property at 10 Cromer Road is ideally located near the town center, providing convenient access to shops, restaurants, and essential services. Key local employers, such as the NHS, Southend University Hospital, and the expanding aviation sector around London Southend Airport, contribute to a steady demand for rental properties.

Transport and Connectivity:
Rail: Two major railway lines with frequent services to London make Southend attractive to commuters.
Road: Well-connected by the A127 and A13, linking to the M25 for seamless road access.
Air: London Southend Airport offers international connections, enhancing the town's overall appeal.
Local Transport: Excellent local bus services and cycling routes further improve accessibility, making it easier for residents to navigate the area.

Ongoing Regeneration:
Southend-on-Sea has been undergoing extensive regeneration, particularly around the seafront and town centre. These efforts are expected to increase property values over time, creating future capital appreciation opportunities. Local attractions such as Southend Pier, Adventure Island, and several beaches add to the town's vibrancy, drawing tourists and enhancing the economic outlook. The town’s status as a growing university hub also supports strong tenant demand across various sectors.

Financial Breakdown:

Income Breakdown (Monthly):

Room 1: £725.00
Room 2: £700.00
Room 3: £690.00
Room 4: £685.00
Room 5: £685.00
Room 6: £650.00
Room 7: £665.00
Total Monthly Income: £4,800.00
Annual Income: £57,600.00
Expenditure Breakdown (Monthly):

Gas and Electric: £550.00
Water: £175.00
Council Tax: £182.00
TV License: £15.00
Broadband: £51.00
Cleaner: £68.00
Management: £336.00
Total Monthly Expenditure: £1,377.00

Annual Expenditure: £16,524.00
Net Annual Income: £41,076.00 (Total Income - Total Expenditure)

Investment Yields:
Gross Yield: 9.93% (Annual Income / Sale Price)
Net Yield: 7.08% (Net Annual Income / Sale Price)
Commentary:

The property at 10 Cromer Road, Southend-on-Sea, is an attractive investment opportunity, offering a gross annual income of £57,600.00 and a strong gross yield of 9.93%. After accounting for all expenditure, the net annual income amounts to £41,076.00, resulting in a net yield of 7.08%. These financial figures indicate a healthy return on investment, with reasonable operational costs and a moderate management fee. With Southend-on-Sea experiencing ongoing regeneration and strong tenant demand, this property presents a solid opportunity for both steady rental income and potential capital appreciation.

Income Breakdown (Monthly):

Room 1: £725.00
Room 2: £700.00
Room 3: £690.00
Room 4: £685.00
Room 5: £685.00
Room 6: £650.00
Room 7: £665.00
Total Monthly Income: £4,800.00

Annual Income: £57,600.00

Expenditure Breakdown (Monthly):

Gas and Electric: £550.00
Water: £175.00
Council Tax: £182.00
TV License: £15.00
Broadband: £51.00
Cleaner: £68.00
Management: £336.00
Total Monthly Expenditure: £1,377.00

Annual Expenditure: £16,524.00

Net Annual Income: £41,076.00 (calculated as Total Income - Total Expenditure)

Gross Yield: 9.93% (calculated as Annual Income / Sale Price)

Net Yield: 7.08% (calculated as Net Annual Income / Sale Price)

Commentary: The financial summary for the property at 10 Cromer Road, Southend-on-Sea, shows a gross annual income of £57,600.00, resulting in a gross yield of 9.93%. After accounting for annual expenditures of £16,524.00, the net annual income is £41,076.00, yielding a net yield of 7.08%. These figures suggest the property is a solid investment opportunity with a reasonable return. The expenditure figures seem well within standard ranges, and the management fee is notably moderate.