HMOs for Sale
50 Morley Hill, Stanford-le-Hope, SS17 8HY
8 2 1
£500,000 Asking Price House of multiple occupation for sale
Description
Introducing a fantastic opportunity to purchase this 8 bed, student HMO with good occupancy rates. To the ground floor there is an entrance hall, cloakroom/wc, kitchen, living room, three rooms and a shower room. The first floor accommodation comprises five rooms, bathroom, shower room and a kitchenette.
The Performers College, just half a mile from the property, ensures consistent tenant demand each academic year, with good historical occupancy rates. Stanford-le-Hope is located 26 miles east of the London, with good transport connections and access to local amenities, including the nearest supermarket which is just 3 minutes drive from the property. Stanford Le Hope train station is within 2 miles serving London Fenchurch Street, offering tenants convenient access to the wider area.
Income;
Room 1 - £550 / Room 2 - £550 / Room 3 - £550 /
Room 4 - £550 / Room 5 - £550 / Room 6 - £550 /
Room 7 - £550 / Room 8 - Vacant
Total; £3850.00 PCM / £46,200.00 PA
Expenditure;
Gas - £150 / Electric - £120 / Water - £150 / Council Tax - N/A /
TV License - £15 / Cleaner - £50 / Broadband - £100 / Management - £300
Total; £885 PCM / £10,620.00 PA
Gross Yield: 9.24%
Additional Details
- Bedrooms: 8 Bedrooms
- Bathrooms: 2 Bathrooms
- Receptions: 1 Reception
- Additional Toilets: 1 Toilet
- Kitchens: 1 Kitchen
- Parking Spaces: 1 Parking Space
- Buyer Fee: 2.00% + VAT
- Tenure: Freehold
- Council Tax: £1,542 / year
- Council Tax Band: C
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Videos
Features
- 8 Bed HMO
- Corner Plot Property With Driveway
- Student HMO With Strong Tenant Demand
- Well Established
- Gross Income £46,200.00 PA
- Gross Yield 9.24%
- 2% Plus Vat Buyer's Fee
Enquiry
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