Opportunity to purchase a HMO property in Selby generating £41,080 gross rent pa & gross yield of 13.7%
£300,000
HMO Terraced House
VES-YO8-001A
INITIAL INVESTMENT
£91,500
Based on
deposit: £75,000
stamp duty: £14,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£41,080
GROSS YIELD
13.7%
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 - £585 pcm
- Room 2 - £585 pcm
- Room 3 - £563.33 pcm
- Room 4 - £563.33 pcm
- Room 5 - £563.33 pcm
- Room 6 - £563.33 pcm
- Total rent pcm: £3,423.33
- Total rent pa: £41,080
Running costs
The vendor provided the following running costs for the property:
- Council tax: £140 pcm
- Electricity: £200 pcm
- Gas: £200 pcm
- Water: £39 pcm
- TV & broadband: £41 pcm
- Cleaner: £50 pcm
- Total cost pcm: £670
- Total cost pa: £8,040
Location information
- The property is located just outside the town centre
- Selby town is a 5-minute walk away
- All amenities are on the doorstep and easily accessible on foot
- Selby railway station is 0.4 miles from the property
- Easy access to the A63
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 Selby, North Yorkshire
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.
Barlby Road,
Selby,
North Yorkshire,
England,
YO8 5AA
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