High Street, Newhall, Swadlincote, Derbyshire

HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.

Property Overview:
Located at 145 High Street in Newhall, Swadlincote, this property is a standout investment in the form of a Sui Generis HMO, specifically designed for high-density occupation. It comprises eight rental units that have been recently renovated to high standards, ensuring top-quality accommodation. These renovations, along with a strategic asking price of £400,000, result in a solid gross yield of 12.81%. The property is tailored to meet the needs of a diverse range of working tenants in the local employment market, offering modern living spaces.

Location and Amenities:
145 High Street is ideally situated to serve an area with robust employment opportunities, making it highly desirable for working professionals. The proximity to essential services such as education and healthcare facilities adds convenience for residents. Additionally, access to local parks and recreational facilities enhances the lifestyle appeal for tenants, making it an attractive place to live.

Investment Highlights:
This property generates a substantial annual income of £51,251.64, with monthly income reaching £4,270.97. The financial management of the property is efficient, with a total monthly expenditure of £638.75, leading to an attractive net yield of 10.90%. The high gross yield of 12.81% reflects the profitability of this investment. The property’s strong performance is supported by modern amenities such as high-efficiency boilers, modern insulation, and quality fittings throughout, coupled with the latest safety features like fire doors and smoke alarms, ensuring tenant safety and compliance with current regulations.

Income Breakdown (Monthly):

Room 1: £541.66
Room 2: £498.33
Room 3: £476.66
Room 4: £540.00
Room 5: £541.66
Room 6: £533.00
Room 7: £476.66
Room 8: £663.00

Total Monthly Income: £4,270.97

Annual Income:

£51,251.64

Expenditure Breakdown (Monthly):

Gas: £255.00
Electric: £103.50
Water: £43.15
Council Tax: £148.33
TV License: not specified
Broadband: £38.77
Cleaner: £50.00

Total Monthly Expenditure: £638.75

Annual Expenditure:

£7,665.00
Net Annual Income:

£43,586.64

Gross Yield:

12.81%

Commentary:

The room rates may vary slightly by the time of a completed purchase but are accurate at the time of listing. The running costs are accurate as of May 2024. Investors will need to consider their own cost of lending and management structure. The property's financial performance indicates a robust gross yield, reflecting its potential as a valuable investment. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.