Bury St Edmunds, IP32 6SH | Investment Property for Sale | VES-IP32-002

Opportunity to purchase a HMO property in Bury generating 25,992 rent pa & gross yield of 8.8%

£295,000

HMO Terraced House

VES-IP32-002

INITIAL INVESTMENT

£89,850

Based on

deposit: £73,750

stamp duty: £13,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£25,992

GROSS YIELD

8.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

1 reception room

1,001

Fully Furnished

Property information

  • HMO licence is not required
  • Planning use class C3
  • 3 x double bedrooms
  • 1 x single bedroom
  • Shared kitchen
  • 1 x shared bathrooms
  • 1 x downstairs WC
  • Comes with a front and large rear garden
  • EPC rating C
  • Council tax band B

Rental information

  • Room 1 - £585 pcm
  • Room 2 - £585 pcm
  • Room 3 - £541 pcm
  • Room 4 - £455 pcm
  • Monthly rental income: £2,166
  • Annual rental income: £25,992

Running costs

The vendor provided us with the following running costs of the property:

  • Council tax: £160 pcm
  • Gas: £75 pcm
  • Electricity: £75 pcm
  • Water: £50 pcm
  • TV licence: £13 pcm
  • Wifi: £28 pcm
  • Cleaner: £60 pcm
  • Total cost pcm: £461
  • Total cost pa: £5,532

Location information

  • The property is located in the Howard Estate area of Bury St Edmunds
  • Bury city centre is around 1.6 miles from the property
  • There is a bus stop with regular services just a short walk from the property
  • A local convenience store can be reached in a few minutes on foot
  • Howard Park is also a short walk from the property

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Bury St Edmunds, Suffolk

Bury St Edmunds is a historic market and cathedral town in Suffolk, East of England. It lies around 27 miles north-west of Ipswich, 29 miles east of Cambridge, 32 miles north of Colchester and 45 miles south-west of Norwich.

The town is well connected via the road network with both the A14 and A143 going through Bury. Bury St Edmunds’ railway station is on the Ipswich-Ely line and is operated by Greater Anglia. There are regular services between Peterborough and Ipswich as well as Cambridge and Ipswich. A planned future railway line, East West Rail, will connect Oxford with Ipswich stopping at Bury.

With a history spanning over 1,000 years Bury has many historic landmarks such as St Mary’s Church, The Abbey, St Edmundsbury Cathedral, West Stow Country Park and Anglo-Saxon Village and Ickworth a National Trust property, to name a few.

Culture and the arts are also very popular in Bury with a visit to the Theatre Royal a must-do. Built in 1819 it is the last surviving Regency theatre in the country. The Apex Gallery is the only public art gallery in Bury and holds a variety of exhibitions throughout the year. Moyse’s Hall Museum houses a collection of fine arts and is one of the oldest domestic buildings open to the public in the region.

Bury offers plenty of choice for all shoppers’ needs with a mix of high street favourites as well as many great independent boutiques. As a foodie town Bury has everything from award-winning fine dining to quality home-cooked pub food. There are also two markets held each week, on Wednesday and Saturday offering everything from local produce, food stalls to clothes, pottery and plants.

Education in Bury is provided by a number of primary and secondary schools. West Suffolk College is the largest further education provider with over 10,000 students each year whilst the University of Suffolk at West Suffolk College provides foundation and undergraduate degrees.

Bury is also known for its Greene King brewery which was founded in 1799 and a British Sugar factory which produces Silver Spoon sugar. Both companies are big local employers. Tourism naturally plays a big part in the local economy and is worth more than £53.6 million, providing over 1,000 jobs.

Hunter Road,

Bury Saint Edmunds,

Suffolk,

England,

IP32 6SH

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