Opportunity to purchase a HMO in Crawley generating £45,420 gross rent pa & gross yield of 9.9%
£460,000
HMO Semi-Detached House
VES-RH10-001
INITIAL INVESTMENT
£144,300
Based on
deposit: £115,000
stamp duty: £26,800
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£45,420
GROSS YIELD
9.9%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
3 bathrooms
1 reception room
1,651
Fully Furnished
Property details
- Fully HMO licenced
- 6 x double bedrooms
- 2 of the bedrooms come with their own ensuite shower rooms
- All other tenants share 1 bathroom
- Room 6, located in the lof, also includes a kitchenette and stairs to a private lounge
- Shared kitchen
- Utility room
- Shared lounge
- Conservatory
- Rear garden, accessible from the conservatory
- Off-street parking for 3 cars
- EPC rating D
- Council tax band D
Rental information
- Room 1 - £615 pcm
- Room 2 - £650 pcm
- Room 3 - £675 pcm
- Room 4 - £525 pcm
- Room 5 - £600 pcm
- Room 6 - £720 pcm
- Total rent pcm: £3,785
- Total rent pa: £45,420
Running costs
The vendor provided us with the following running costs for this property:
- Council tax: £175 pcm
- Water bill: £50 pcm
- Gas & electricity: £300 pcm
- Broadband: £27 pcm
- TV licence: £13.25 pcm
- Cleaner: £88 pcm
- Total cost pcm: £653.25
- Total cost pa: £7,839
Location information
- The property is located in the West Green area of Crawley
- There is a large supermarket a short walk from the property
- Crawley centre is around 0.7 miles from the property
- Crawley railway station is 1 mile from the property
- Easy access to the A2011
- Ideally located for NHS staff with Crawley hospital a 4-minute drive away and London Gatwick Airport, a 10-minute drive away
Note
Please note that Vesta has not visited this property and the vendor has provided all material.
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 Crawley, West Sussex
Crawley is a town in West Sussex and lies around 28 miles south of London, 18 miles north of Brighton and Hove, and 32 miles north-east of Chichester.
Crawley is well connected by various modes of transportation. The M23 motorway runs past Crawley in the east and can be accessed via Junctions 10, 10a, and 11. The town’s railway station is operated by Southern and Thameslink and lies on the Arun Valley Line. Trains run to London Victoria via Gatwick Airport; Peterborough via Gatwick Airport London Bridge and Stevenage; Horsham; Portsmouth & Southsea and Bognor Regis; and Southampton Central and Bognor Regis. Crawley has an extensive bus network, making it easy to navigate and access surrounding areas. Gatwick Airport is adjacent to Crawley and can easily be reached.
Crawley offers a variety of activities for residents and visitors alike, including Tilgate Park, Hawth Theatre, Crawley Leisure Park, and Gatwick Aviation Museum.
The town has a thriving shopping scene with various retail options, the County Mall, Crawley Open Market and Queens Square. Education is provided by numerous primary and secondary schools, whilst Central Sussex College offers a number of courses for post-16 education.
There are plenty of job opportunities in and around Crawley with the most notable large employers being Gatwick Airport, Crawley Borough Council, and Thales Group. Manor Royal Business District is a commercial area home to many businesses, including manufacturing, distribution, and technology companies.
Windmill Court,
Crawley,
West Sussex,
England,
RH10 8NA
What makes us different?
Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.
Benefits include:
- Buy tenanted property
- Huge choice for all budgets
- View property performance data
Important Note
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.
Authorised and regulated by the property ombusdman
Copyright © 2023 Vesta Global Limited. All rights reserved.