Worksop, S80 2BG | Investment Property for Sale | VES-S80-001

Opportunity to purchase a HMO in Worksop generating £43,160 rent pa & a gross yield of 10.4%

£415,000

HMO Detached House

VES-S80-001

INITIAL INVESTMENT

£118,700

Based on

deposit: £103,750

stamp duty: £12,450

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£43,160

GROSS YIELD

10.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

9 bedrooms

9 bathrooms

1 reception room

1,324

Unfurnished

Property information

  • HMO licence for 9 occupants in 9 bedrooms
  • Spread over 3 floors
  • All bedrooms come with an ensuite bathroom
  • Shared kitchen and lounge
  • The property underwent a full refurbishment and all works are complete
  • EPC rating C
  • The tenants pay for the TV licence themselves
  • The property is currently managed by a third party

Rental information

  • Room 1 - £90 per week
  • Room 2 - £90 per week
  • Room 3 - £95 per week
  • Room 4 - £90 per week
  • Room 5 - £95 per week
  • Room 6 - £95 per week
  • Room 7 - £95 per week
  • Room 8 - £85 per week
  • Room 9 - £95 per week
  • Total rentpcm: £3,596.67
  • Total rent pa: £43,160

Running costs

The vendor provided us with the following running costs of this property:

  • Gas & electricity: £120 pcm
  • Council tax: £115 pcm
  • Water bill: £20 pcm
  • Broadband: £30 pcm
  • Total cost pcm: £285
  • Total cost pa: £3,420

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 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 Worksop, Nottinghamshire

Worksop is a market town in Nottinghamshire in the East Midlands. It lies around 19 miles east of Sheffield, 19 miles south of Doncaster and 28 miles west of Lincoln.

The A57 runs past Worksop connecting it to the A1 and the A60. The M1 can be reached via the A619.

Worksop railway station is on the Sheffield to Lincoln line as well as the Robin Hood line. Regular train services run to Lincoln, Gainsborough Central, Sheffield, Leeds and Nottingham.

The closest airport is Doncaster Sheffield Airport which is around 15 miles from Worksop and offers regular flights to European destinations. Some of the local attractions include Mr Staw’s House, Clumber Park, Thoresby Park, Harley Gallery, Creswell Crags, Hodsock Priory and the Welbeck Estate. The Chesterfield Canal also offers a great opportunity for leisurely strolls whilst watching the longboats cruise along.

In the centre of town one can find the usual high street brands amongst a number of independent stores.

Education in Worksop is provided by 18 primary schools, 3 secondary schools and North Nottinghamshire College and the Outwood Post-16 centre.

The local economy is mainly made up of service industries, manufacturing, and distribution. Some of the biggest employers in the area include Premier Foods, Greencore, Wilko, RDS Transport, B&Q, MAKE polymers, OCG Cacao, Pandrol, GCHQ and the NHS.

Watson Road,

Worksop,

Nottinghamshire,

England,

S80 2BG

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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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