Stevenage, SG1 4LH | Investment Property for Sale | VES-SG1-007

End of terrace HMO in Stevenage generating £26,160 in rent per annum & a gross yield of 8%

£325,000

HMO End of Terrace House

VES-SG1-007

INITIAL INVESTMENT

£149,400

GROSS RENT / YIELD

£26,160 / 8.0%

NET RENT / YIELD

£20,093 / 6.2%

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The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

1 bathroom

0

1,158

Fully Furnished

Property information

  • Spread over 2 floors
  • Recently refurbished and modernised
  • Fully tenanted HMO
  • Bedroom 5 marked as 'reception' on floorplan
  • Full HMO licence for 5 tenants
  • Downstairs toilet
  • Kitchen/diner
  • Comes with garage
  • Front and rear gardens
  • EPC rating D

Rental breakdown

  • Room 1 - £480 pcm
  • Room 2 - £450 pcm
  • Room 3 - £400 pcm
  • Room 4 - £400 pcm
  • Room 5 - £450 pcm
  • Total rent pcm: £2,180
  • Total rent pa: £26,160

The landlord has notified us that not all rooms achieve market rent at present and that higher rental values are achievable.

Whilst the displayed financials below are market averages, these are the running costs provided by the landlord:

Running costs

  • Council tax: £140 pcm
  • Water bill: £30 pcm
  • Gas & electricity bill: £200 pcm
  • Virgin Wi-Fi bill: £35 pcm
  • TV licence: £12.54 pcm
  • Cleaning: £50 pcm
  • Total cost pcm: £467.54
  • Total cost pa: £5,610.48

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

£26,160

Equivalent of £2,180 per calendar month (PCM).

GROSS RENTAL YIELD

8.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£20,093

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.2%

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

FULLY MANAGED OPERATING COSTS

£6,067

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 Stevenage, Hertfordshire

Stevenage is a town and borough in the county of Hertfordshire which acts as a commuter town and is situated approximately 28 miles north of the City of London.

Thameslink operates southbound services where you can get to Finsbury Park in 15 mins. Stevenage Railway Station lies on the East Coast Main Line and is managed by LNER. The train service is capable of getting to London King’s Cross in approximately 20 minutes.

The town centre benefits form a large pedestrianised area that features a wide array of shopping, dining and entertainment. Here one can find Roaring Meg Retail Park which has a selection of well-known department stores like Debenhams and other household names like Argos, Harveys and Furniture Village. Just up the road from here there is also a Cineworld Cinema Complex and Westgate Shopping Centre that features over 30 great stores including some of the biggest high street names in the country such as H&M and River Island.

Stevenage is home to many large employers’ head offices such as GlaxoSmithKline, Airbus Group Ltd, Paddy Power Betfair and Fujitsu to name a few.

This location could be perfect for young families that may be looking for local educational options for their young children that are in walking distance. Round Diamond Primary School is around 5 minutes away from this property and offers mixed sex teaching up to the age of 11.

Canterbury Way,

Stevenage,

Hertfordshire,

England,

SG1 4LH

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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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