7 bedroom hmo and 3 bedroom hmo for sale

£395,000

10

Bedrooms

3

Bathrooms

2

Reception

Floorplan

A fantastic opportunity to acquire a small property portfolio in the heart of the picturesque seaside town of Aberystwyth. This investment includes two well-presented, separate dwellings, ideal for investors looking to expand their portfolio with excellent rental potential.

Originally a single property, the previous owner has thoughtfully extended 24 Queen Street to create an additional dwelling, offering two unique rental opportunities:

  • 24 Queen Street: A spacious 7-bedroom student property, currently tenanted at 1,680 per month (excluding utilities). With some improvements, there is potential to further increase the rental yield.

  • 24A Queen Street: A modern 3-bedroom dwelling, generating 1,130 per month (excluding utilities).

Both properties share a charming courtyard and benefit from independent utility connections (gas, electricity, water, and drainage). Situated in a prime town centre location, this portfolio offers excellent access to local amenities and the vibrant student market.

For more information or to arrange a viewing, please contact us at [email protected] or call 01970 627350.



Property additional info

Front passageway leading to 24A Entrance Hallway &:
Description: UPVC door with 2 side lights. In hallway is a panelled radiator, BT phone point, door to living area and downstairs WC containing a low level flush WC, wash hand basin with tiled splash back, towel radiator. Electrical consumer unit located here.

24 Living room: 4.11 x 3.78
Description: Double glazed UPVC window to rear eleveation, single panelled radiator, door to rear hallway Size Mixed: 4.11 x 3.78 (13'5" x 12'4")

24 Rear Hallway & Downstairs Kitchen: 3.38 x 2.77
Description: Door to rear yard area, single panelled radiator, storage cupboard, continues to downstairs kitchen. Fitted kitchen with range of base level units, double glazed UPVC window to side elevation, electric hob over electric cooker, plumbing for washing machine, Worcester Bosch gas combi-boiler concealed in a cupboard, door to downstairs shower room. Size Mixed: 3.38 x 2.77 (11'1" x 9'1")

24 Downstairs Shower Room: 1.31 x 2.89
Description: Lovel level flush WC, wash hand basin, shower cubicle with Triton electric shower, tiled floored to ceiling, double glazed EPVC window to side elevation, extractor fan Size Mixed: 1.31 x 2.89 (4'3" x 9'5")

24 Stairs, Landing & WC:
Description: Stairs raising to half landing, door to WC containing low level flush WC, basin, double glazed UPVC window to rear elevation and doors off to first floor kitchen

24 First Floor Kitchen: 3.55 x 2.1
Description: Base level units, electric hook up for free standing cooker, stainless steel sink and drainer, double glazed UPVC window to rear elevation, space for under counter fridge and freezer Size Mixed: 3.55 x 2.1 (11'7" x 6'10")

24 Bedroom 2: 3.53 x 3.16
Description: Double glazed UPVC window to rear elevation, single panelled radiator, wood effect laminate flooring Size Mixed: 3.53 x 3.16 (11'6" x 10'4")

24 Bedroom 3: 3.61 x 3.76
Description: Double glazed UPVC window to front elevation, single panelled radiator, wood effect laminate flooring Size Mixed: 3.61 x 3.76 (11'10" x 12'4")

24 Bedroom 4: 3.63 x 3.32
Description: Double glazed UPVC window to front elevation, single panelled radiator Size Mixed: 3.63 x 3.32 (11'10" x 10'10" )

24 Stairs, Landing & WC:
Description: To second floor landing level, turns with a double glazed UPVC window to rear elevation, doors off to bedrooms. Low level flush WC, single panelled radiator, panelled bath, wash hand basin, double glazed UPVC window to rear elevation, lino floor covering, shower panels on walls, extractor fan.

24 Bedroom 5: 2.39 x 4.34
Description: Double glazed UPVC window to rear elevation, single panelled radiator, fitted acropet Size Mixed: 2.39 x 4.34 (7'10" x 14'2")

24A Lounge, Dining & Kitchen Area:
Description: Double panelled radiator, double glazed UPVC window to front elevation, TV point, opening to Kitchen with modern fitted kitchen with one and a half bowl sink and drainer, plumbing for washing machine, gas cooker hood over electric cooker with chimney style extractor fan over, integrated fridge/freezer, range of base and eye-level units, two double panelled radiator, laminate work surfaces, tiled splash backs

24 Bedroom 6: 4.82 x 3.95
Description: Two double glazed Velux windows to front elevation, single panelled radiator, laminate flooring Size Mixed: 4.82 x 3.95 (15'9" x 12'11")

24 Bedroom 7: 2.33 x 0.95
Description: Double glazed wooden window to front elevation, single panelled radiator, laminate floor covering Size Mixed: 2.33 x 0.95 (7'7" x 3'1")

24A Stairs / Landing:
Description: Stairs leading to first floor landing, doors to bedroom and bathroom. Airing cupboard also located on landing opposite bathroom.

24A Master Bedroom: 3.49 x 6.51
Description: Double glazed UPVC windows to front elevation, double panelled radiator, exposed beams Size Mixed: 3.49 x 6.51 (11'5" x 21'4")

24A Bedroom 2: 3.18 x 3.6
Description: 2 Velux windows in roof, attic access hatch, exposed beams, double panelled radiator Size Mixed: 3.18 x 3.6 (10'5" x 11'9")

24A Bedroom 3: 3.22 x 2.75
Description: Double glazed UPVC window to side elevation, double panelled radiator, exposed beams Size Mixed: 3.22 x 2.75 (10'6" x 9'0")

24A Upstairs Bathroom: 2.46 x 2.5
Description: Panelled bath, towel radiator, shower cubicle with folding door, wash hand basin in vanity unit, low level flush WC, double glazed windows to side elevation, tiled from floor to ceiling Size Mixed: 2.46 x 2.5 (8'0" x 8'2")

24 Entrance & Entrance Hallway:
Description: From street level, UPVC door to entrance hallway with door to bedroom 1 and door to living room

24 Bedroom 1: 3.61 x 3.76
Description: Front of property, UPVS window to front elevation, radiator Size Mixed: 3.61 x 3.76 (11'10" x 12'4")

Nearest Stations:

0.14 miles
Aberystwyth
5.53 miles
Borth
9.07 miles
Aberdovey
9.35 miles
Penhelig
11.87 miles
Tywyn

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 328575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 32325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message