Potential 4-Bed HMO, Grimsby, DN32 9NT, £120,000

312D59 Patrick Street, Grimsby, DN32 9NT - 9 views - a month ago

Sold STC
HMO
ROI: 23%
102 m²
+30 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Room Rate

£458

Gross Rent

£1,832

Running Costs/mo

£1,176

Cashflow/mo

£656

Cashflow/yr

£7,878

ROI

23%

Gross Yield

18%













Property History

Listed for £120,000

February 11, 2025

Floor Plans

Description

  • Great Investment Opportunity +
  • Property Ready For HMO Licence +
  • Gas Central Heating +
  • Potential Annual Income of £22k +
  • Short Walk To Amenities +
  • Five Good Sized Bedrooms +
  • Prominent Grimsby Location +
  • Easy Access To Grimsby Town Centre +
  • Council Tax Band A +

Farrow Estate Agents are pleased to offer this converted 5 Bedroom HMO Property to the market with No onward chain. Having been recently transformed to meet HMO Licencing standards, potential buyers will be pleased with size of accommodation on offer.
Found in this popular central location - this superb home sits perfectly within walking distance to Grimsby town centre, enabling convenient access to both, making this the perfect purchase for a multitude of buyers!
This briefly comprises: secured entrance hallway leading to the stairs, opened planned reception / kitchen area with ample space for appliances, downstairs shower room and 5 decent sized bedrooms.
Externally, there is a low maintenance and enclosed rear garden which provides the perfect space for entertaining throughout the summer months.
With gas central heating and double glazing throughout.
This property offers the buyer a potential annual income of approximately £22k.
Viewing is highly recommended!!!

Entrance Hallway -

Bedroom 1 - 3.68m x 2.74m (12'1 x 9'0) -

Bedroom 2 - 3.40m x 3.23m (11'2 x 10'7) -

Kitchen / Reception Room - 7.26m x 2.59m (23'10 x 8'6) -

Bathroom -

Bedroom 3 - 4.27m x 3.40m (14'0 x 11'2) -

Bedroom 4 - 3.68m x 2.77m (12'1 x 9'1) -

Bedroom 5 - 4.57m x 2.90m (15'0 x 9'6) -

Rear 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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.