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£575,000
Bedrooms
Bathrooms
Venture Residential are pleased to introduce this House of Multiple Occupancy (HMO) configuration residential investment portfolio opportunity in Kettering.
The Property presents two separate units, each offering a lucrative rental income. The first unit features 3 self-contained en suite rooms with a shared kitchen dining area. Generating a rental income of 1,800 per calendar month. The second unit comprises 5 en-suite rooms sharing a communal kitchen, along with a studio flat that includes its own kitchen, lounge area, and en suite room, bringing in a rental income of 3,300 per calendar month.
Both properties are in good condition and come with HMO licenses, ensuring compliance with regulations for multiple occupancy. Generating a annual rental figure of 61,000.
With a variety of lettable spaces, including individual rooms and a self-contained studio flat, the property attracts a diverse tenant base. Whether catering to students, young professionals, or individuals seeking independent living arrangements, this property appeals to a wide range of renters, ensuring consistent occupancy levels.
Take advantage of this exceptional investment opportunity in Kettering, Northamptonshire, and secure an asset with steady rental income potential. Whether you`re a seasoned investor or exploring the property market for the first time, this residential property promises long-term financial growth and stability.
Situated in Kettering, Northamptonshire, this residential property benefits from its proximity to essential amenities, transportation links, and educational institutions. Its convenient location enhances its appeal to potential tenants, ensuring high demand for rental accommodation in the area. Kettering offers a vibrant community atmosphere, with local shops, restaurants, and recreational facilities nearby. Tenants enjoy a well-rounded living experience, making this property an attractive option for those seeking both convenience and lifestyle amenities.
Don`t miss out on this attractive investment opportunity in prime location.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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