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Full details for 9 Bedroom Detached For Sale in Paignton
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Description
This is an investment opportunity to purchase a HMO in Paignton generating £52,980 rent pa and 10.1% gross yield.Property information
- HMO licence for 9 people in 9 bedrooms
- The property was recently fully refurbished
- Spread over 3 floors
- 7 bedrooms come with ensuite shower rooms
- the other tenants share 1 bathroom
- 2 shared kitchens
- 1 dining room
- 1 lounge
- Rear garden
- The property is managed by a third party
- EPC rating D
Rental information
- Room 1 - £480 pcm
- Room 2 - £480 pcm
- Room 3 - £480 pcm
- Room 4 - £485 pcm
- Room 5 - £425 pcm
- Room 6 - £480 pcm
- Room 7 - £600 pcm
- Room 8 - £500 pcm
- Room 9 - £485 pcm
- Total rent pcm: £4,415
- Total rent pa: £52,980
Running costs
The vendor provided us with the following running costs for this property:
- Gas: £125 pcm
- Electricity: £125 pcm
- Council tax: £244 pcm
- Water: £50 pcm
- Wifi: £67 pcm
- Cleaner: £220 pcm
- Total cost pcm: £831
- Total cost pa: £9,972
Location information
- The property is located within the centre of Paignton
- Paignton railway station is less than 5-minute‘s walk from the property
- There are plenty of local amenities just on the doorstep and the beach is also a short walk away
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
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