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Income Producing Ready made 6 Bed HMO in Wolverhampton

Jeffcock Road, Wolverhampton, UK
£215,000.00

Description

For a limited time only we have managed to secure a ready made HMO.

*Property Details

The property has a HMO licence for 6 people.

6 bedroom

Three storey semi-detached house with three bathrooms ( one each floor), including showers, and a lounge area.

A fitted double kitchen/diner with all appliances including, 2 ovens/grills, 2 four ring hobs, fridge, freezer and all cooking utensils.

Plenty of cupboard space.

Separate Laundry area.

Gas Central Heating and Double Glazing Throughout.

There is a garden area
Plenty of on-road parking.

All bedrooms have quality furniture including; beds, wardrobe, chest of drawers and bedside drawers, table and chair.

All rooms are a large double good size with fresh paint and brand new carpets throughout.

The rent includes council tax, gas, water, broadband, and for your
Safety the property comprises smoke alarms, fire alarm, emergency lighting and CCTV cameras.

* Location

Close to all local amenities and transport links
0.9 miles from West Park Hospital
2.3 mile from University of Wolverhampton

Nearest stations
Wolverhampton train station (1.4 mi)

*Costs to consider

Mortgage Cost @ 4% = £538 pcm
Bills = £390 pcm
Management @ 10% +Vat = £259 pcm
CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £968 pcm = £11,616 per annum

Self Managed = £1,227 pcm = £14,724 per annum

Purchase Price £215,000

Finders Fee £5,000

Current Income = £22,260 per annum

Potential Gross Income = £25,860 per annum

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  • Address: Jeffcock Road, Wolverhampton, UK
  • City: wolverhampton
  • State/county: England
  • Zip/Postal Code: WV3
  • Country: United Kingdom

Detail

Updated on August 6, 2019 at 12:22 pm

  • Price: £215,000.00
  • Bedrooms: 6
  • Bathrooms: 6

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