Opportunity to purchase a HMO property in Taunton generating £40,200 gross rent pa & gross yield of 11.8%
£340,000
HMO Terraced House
VES-TA1-002
INITIAL INVESTMENT
£104,700
Based on
deposit: £85,000
stamp duty: £17,200
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£40,200
GROSS YIELD
11.8%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
4 bathrooms
1 reception room
TBC
Fully Furnished
Property information
- Fully HMO licenced
- The property comprises:
- 6 x bedrooms
- 4 of which have their own ensuite shower room
- The other 2 tenants share the use of 2 bathrooms
- Shared kitchen
- Shared living room
- EPC rating D
- Council tax band B
Rental information
- Room 1 - £550 pcm
- Room 2 - £575 pcm
- Room 3 - £550 pcm
- Room 4 - £600 pcm
- Room 5 - £500 pcm
- Room 6 - £575 pcm
- Total rent pcm: £3,350
- Total rent pa: £40,200
Running costs
The vendor provided the following running costs for the property:
- Council tax: £124 pcm
- Electricity: £100 pcm
- Gas: £180 pcm
- Water: £90 pcm
- Broadband: £47 pcm
- Cleaner: £60 pcm
- TV licence: £14 pcm
- Total cost pcm: £615
- Total cost pa: £7,380
Location information
- The property is located just outside Taunton town centre
- Taunton town centre is a 6-minute walk away
- Taunton railway station is 0.6 miles and can be reached in 11 minute's walk
- Victoria Park is just a short walk from the property
- Easy access to the A3038 and wider road network
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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 Taunton, Somerset
Taunton is a town in Somerset in the south-west of England. It lies around 32 miles north-east of Exeter, 11 miles south-west of Bridgwater, 48 miles south-west of Bristol and 28 miles east of Yeovil.
The M5 motorway and its junctions 25 and 26 pass the town on the east side, connecting Taunton to Exeter and the Midlands. Other major roads through the town are the A38 and A358. With the A38 connecting Taunton to Bodmin and Mansfield, whilst the A358 cuts across Somerset and Devon, starting in Williton and ending near Seaton.
Taunton railway station is located on three lines, the Bristol to Exeter line, the Reading to Taunton line, and the Cross Country Route. The station is operated by Great Western Railway and served by CrossCountry with services to Manchester Piccadilly, Birmingham New Street, Cardiff Central, Bristol Temple Meads, London Paddington, Exeter St Davids, Plymouth and Penzance. Exeter and Bristol airports are both within 40 miles of Taunton.
Some of the local landmarks include Gray’s Almshouses, a Grade I listed building, St Margaret’s Almshouses, a Grade II listed building, Taunton Castle, Somerset County Museum and the Castle Hotel.
Taunton is located in between two Areas of Outstanding Natural Beauty, the Quantock Hills and Blackdown Hills. There are many places to discover including Netherclay Community Woodland, Thurlbear Wood, Bishops Lydeard, Minehead, Watchet, Wellington and Wiveliscombe.
The town itself has also plenty on offer and in addition to the usual high street shops there are a large number of independent retailers, some of which are long-established. There is also a weekly farmer’s market which is held on Thursday’s in the high street, offering local produce. Somerset County Cricket Club is also located close to the town centre.
Education in Taunton is provided by four state secondary schools, further education is offered by Richard Huish College, The Taunton Academy, and Bridgwater and Taunton College. There are also three co-educational independent schools as well as two special schools for young people with special educational needs.
The town is home of the United Kingdom Hydrographic Office (a Ministry of Defence body), Western Provident Association, Viridor and CANDAC. Other noteworthy employers are Musgrove Park Hospital, Somerset County Council, Somerset West and Taunton Council, Somerset College of Arts and Technology, University Centre Somerset and Hinkley Point Nuclear Power Plant. A number of professional services companies are also based at Blackbrook.
Winchester Street,
Taunton,
Somerset,
England,
TA1 1QQ
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
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.
Authorised and regulated by the property ombusdman
Copyright © 2023 Vesta Global Limited. All rights reserved.