0 Bed Property For Sale

** HMO Investment Opportunity **. "Discreet Sale - 5-Bed Off-Market HMO in Northampton"

This off-market 5-bedroom HMO is secured at 335,000. It is fully tenanted (Students) and fully licensed, in fact it is currently licensed as a 6-bedroom HMO. It is within an article 4 area and so represents a fantastic opportunity to pick up a ready made HMO business opportunity. This property can be purchased under its current SPV and therefore removes the SDLT (if the buyer wishes).

This property is ideally situated as follows:
- 1 mile (5-10min) walk from the train station
- Less than 1mile from the city centre within a 3 mile radius of 3 hospitals

Making it a flexible option as an HMO for student lets and professional co-living. The property does not need renovating, but could be if the buyer wishes to. Most of the rooms are ensuite, only 1 room isn't, but it has the use of a bathroom, which can be allocated to that tenant only.

This is a discreet listing, the owner is happy to share further details, once any investor interest is established. The vendor is also happy to share 5 years of income, the property has always attracted lots of interest and has been fully tenanted throughout the tenure of the current owner. This is not a distressed sale.

The financials (Mortgage):
Purchase price: 335,000
Annual profit: 17,800
ROCE: 19%
Yield: 10%

Purchase costs : 92,550 (Assumes no SDLT as purchased as SPV)
Renovation costs: 0
Gross rental return: 35,000 pa; 2916 pcm
Estimated mortgage costs : 1,432 (based on a 75% LTV, 4.75% HMO mortgage rate)

- Investors are advised to do their own DD
- Mortgage rates are dependant on the deal an investor can source and the terms they want to accept
- The illustrated rate of 4.75% is from internet research on 5-year deal for an HMO mortgage

Please contact me if you have any questions, or if interested.