Opportunity to purchase a HMO property in Goole generating £42,120 gross rent pa & gross yield of 14%
£300,000
HMO Terraced House
VES-DN14-004
INITIAL INVESTMENT
£91,500
Based on
deposit: £75,000
stamp duty: £14,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£42,120
GROSS YIELD
14.0%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
6 bathrooms
TBC
Fully Furnished
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.
Property information
- Fully HMO licenced
- Spread over 3 floors the property comprises:
- 6 x bedrooms with ensuite bathrooms
- Shared kitchen
- EPC rating D
- Council tax band A
Rental information
- Room 1 - £606.67 pcm
- Room 2 - £606.67 pcm
- Room 3 - £563.33 pcm
- Room 4 - £650 pcm
- Room 5 - £520 pcm
- Room 6 - £563.33 pcm
- Total rent pcm: £3,510
- Total rent pa: £42,120
Running costs
The vendor provided the following running costs for the property:
- Council tax: £120 pcm
- Electricity: £250 pcm
- Gas: £200 pcm
- Water: £50 pcm
- TV & broadband: £45 pcm
- Cleaner: £50 pcm
- Total cost pcm: £715
- Total cost pa: £8,580
Location information
- The property is located just outside Goole town centre
- Goole town centre is a 4-minute walk away
- Goole railway station is also a 4-minute walk away
- All local amenities are within easy reach on foot
Note
Please note that Vesta has not visited this property and that 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 Goole, East Riding of Yorkshire
Goole is a port town on the River Ouse in the East Riding of Yorkshire and lies around 16 miles north-east of Doncaster, 19 miles south of York and 29 miles west of Hull.
The M62 passes Goole to the north providing a connection between Kingston upon Hull and Leeds. The A63 provides access to the A19 towards Selby and York. The M18 runs west of town and connects Goole with South Yorkshire, the South and the Midlands.
Goole railway station is located at the junction of the Hull and Doncaster Brand and the Pontefract Line. Train services run to Hull Paragon Interchange, Doncaster, Sheffield, Leeds and a number of local stations inbetween.
Goole’s main shopping are is Wesley Square and there are many high street shops and independent retailers to choose from.
Some of the biggest employers in the area are Goole and District Hospital as well as the Port of Goole.
Jefferson Street,
Goole,
East Riding of Yorkshire,
England,
DN14 6SJ
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