Selby and Goole | Investment Property for Sale | VES-YO8-001

Opportunity to purchase 9 HMO properties in Selby and Goole generating a 13.7% gross yield

£2,455,000

9-unit HMO Portfolio

VES-YO8-001

INITIAL INVESTMENT

£898,250

Based on

deposit: £613,750

stamp duty: £282,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£335,660

GROSS YIELD

13.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

53 bedrooms

41 bathrooms

0

TBC

Fully Furnished

The vendor is open to selling the units individually, see our separate listings for more info.

Portfolio information

  • Fully tenanted HMO portfolio
  • The portfolio comprises 9 units and is made up of:
    • 1 x 5-bed terraced house
    • 8 x 6-bed terraced houses
  • All properties are freehold properties
  • EPC ratings: D & E
  • Council tax bands: A & B

Rental income

The properties are fully let and currently achieve:

  • Aggregate rental income: £27,971.67 pcm
  • Aggregate rental income: £335,660 pa

Running costs

The total running costs of the portfolio are:

  • Council tax: £1,127 pcm
  • Electricity: £2,500 pcm
  • Gas: £1,460 pcm
  • Water: £403 pcm
  • TV & broadband: £370 pcm
  • Cleaner: £450 pcm
  • Total monthly costs: £6,310
  • Total annual costs: £75,720

Location information

  • 3 properties are located in Selby, North Yorkshire
  • 6 properties are located in Goole, East Riding of Yorkshire

Available upon request

  • Portfolio breakdown
  • Full floorplans
  • EPCs for all units

Note

Please note that Vesta has not visited the properties 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 Selby and Goole, Yorkshire and the Humber

Selby

Selby is a market town in North Yorkshire and lies around 14 miles south of York on the River Ouse.

The A63 half-circles the town from east to west connecting it to Leeds and Kingston upon Hull. Selby is also a local transport hub and its bus and railway provide services to many places in the surrounding area. Trains from Selby railway station run directly to London King’s Cross, Leeds, Manchester Piccadilly, York, Hull, and other destinations.

Selby’s high-street retailers range from well-known brands to independent stores. There are also several cafes, pubs, bars, and restaurants to choose from. The Abbey Walk Shopping Centre and the Three Lakes Retail Park offer further shopping opportunities.

With its good location, Selby has become a commuter town for Leeds, Wakefield, and York.

Goole

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.

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
Learn more >

Questions?

Our sales team is standing by to help.

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.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2023 Vesta Global Limited. All rights reserved.