8 Bed HMO, Huddersfield, HD1 6JA, £350,000

• 8 Bedroom HMO Property With HMO License +
• Annual Gross Rental Income of £46,800 +
• 6 Bedrooms With Ensuite and 1 Bathroom Shared Between 2 Rooms +
• Freehold Property +
• 1km From Huddersfield Town Centre +
• Modern Finish Throughout +

Pure Investor brings to the market this 8-bedroom HMO property for sale. The property can be found in Fartown which is 0.6 miles (1 km) north of Huddersfield town centre. Fartown has a good range of local amenities and schooling close by as well as a good bus service. The property itself is well-finished throughout and has been popular with tenants. The property is laid out over three floors and has spacious rooms throughout.

INVESTMENT INFORMATION

Asking price: £350,000
Current gross rental income: £46,800
Current rental split: 6 x £500pcm (ensuite rooms) & 2 x £450pcm (shared bathroom)
Gross yield: 13.3%
Outgoing costs
Yorkshire water: £191pcm (£2,292 annual)
Kirklees council tax: £125pcm (£1,500 annual)
Gas and electric: £152pcm (£1,824 annual)
Insurance: £96.70pcm (£1,160.40 annual)
Cleaning service: £80pcm (£960 annual)
Management fee at 10%: £390pcm (£4,600 annual)
Total: £1,034.70pcm (£12,336.40 annual)
Net income: £2,865.30pcm (£34,383.60)
Net yield: 10%
8-bed HMO license in place which was granted in October 2023.
6 bedrooms have ensuite and 2 bedrooms share a bathroom.