Hoddesdon, EN11 9FG | Investment Property for Sale | VES-EN11-001

Opportunity to purchase a detached house in Hoddesdon generating £34,920 rent pa and a gross yield of 6.5%

£540,000

HMO Detached House

VES-EN11-001

INITIAL INVESTMENT

£252,600

GROSS RENT / YIELD

£34,920 / 6.5%

NET RENT / YIELD

£26,821 / 5.0%

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The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

3 bathrooms

1 reception room

1,633

Fully Furnished

Property information

  • Spread over 3 floors
  • Fully tenanted 6-bed HMO
  • Full HMO licence
  • Living room leading out into the garden
  • 2 x bedrooms come with ensuite
  • Downstairs WC
  • EPC rating C

Tenancy information

  • Tenancies vary in length
  • 4 tenants have been living at the property between 1 -6 years (at time of listing)
  • 2 tenants have been living at the property less than 6 months (at time of listing)
  • 5 tenancies are fixed term ending between December 2019 and February 2020
  • 1 tenancy is periodic

Rental income

  • Aggregate monthly income: £2,910
  • Aggregate annual income: £34,920
  • All bills are included in the rent

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 the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£34,920

Equivalent of £2,910 per calendar month (PCM).

GROSS RENTAL YIELD

6.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£26,821

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.0%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,099

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Hoddesdon, Hertfordshire

Hoddesdon is a town in the Broxbourne borough of Hertfordshire, situated in the Lea Valley. It grew up as a coaching stop on the route between Cambridge and London. It is located 3 miles (5 km) West of Harlow 4 miles (6 km) southeast of Hertford, 5 miles (8 km) north of Waltham Cross and 11 miles (18 km) southwest of Bishop's Stortford.

Hoddesdon is mainly a London commuter belt town and is served by Rye House, St Margarets and nearby Broxbourne railway station.

There are two state secondary schools in Hoddesdon – The John Warner School and Robert Barclay Academy. The two good state schools attract large numbers of families. Both schools are among the most improved in the country – in 2011, Sheredes was the most improved school in Hertfordshire and within the top 1% of schools nationally.

As well as the array of shops in and around Hoddesdon, there are a number of leisure activities in the local area, including a gym in the town centre and the John Warner sports centre, a leisure centre on the outskirts of the town containing a swimming pool and children's activity centre.

Hoddesdon is home to the High Leigh Conference Centre owned by the Christian Conference Trust currently has 40 acres of lawns, parkland and woodland, offering a tranquil location to visiting delegates and conference guests. Work has begun with a massive £3.5 million budget will see the centre transformed to include a new accommodation wing.

In addition a £30m investment in a new £60m advanced-technology Waste to Energy (WtE) gasification facility in Hoddesdon, Hertfordshire.

Gosse Close,

Hoddesdon,

Hertfordshire,

England,

EN11 9FG

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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.

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