9 Bed HMO, Grimsby, DN31 2AB, £360,000

Dudley Street, Grimsby, N E Lincs, DN31 2AB - 1 views - 3 months ago

HMO
ROI: 10%
~214 m²
+15 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£24,700

Total Cash In

£114,700

 

 

Cash Out

 

Room Rate

£426

Gross Rent

£3,834

Running Costs/mo

£2,866

Cashflow/mo

£968

Cashflow/yr

£11,616

ROI

10%

Gross Yield

13%













Property History

Listed for £360,000

December 26, 2024

Floor Plans

Description

  • Converted Office space +
  • Semi-detached property +
  • 9 Bed HMO +
  • Fully Licensed +
  • Fantastic Return +
  • Generates approx. £48,800 +
  • Close to Town Centre +
  • Viewing Recommended +
  • EPC Rating - C, Council Tax Band C +

Pygott and Crone offer to the market this fantastic investment opportunity located within close proximity to Grimsby Town Centre.

We understand that the property was redeveloped in 2016 from an ex-accountancy premises into nine residential rooms, with communal areas and 7 bathrooms. There is also Parking on site for several cars.

We are advised by the sellers that the property has had minimal room vacancies over the last 6 years and currently generates a gross income of circa £46,000 per annum.

Early viewings of this rare investment opportunity are highly recommended in order to appreciate this fantastic investment.

Agent Details

Pygott & Crone, Grimsby

01472 404413

Next Steps?

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

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