Tedagill, Carsons Drive, Great Cornard, Suffolk
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- 11.14% Gross Rental Yield
- £39,000 Annual Rental Income
- Professional Tenants in Situ
- Five Letting Bedrooms at £650 PCM Each
- HMO Licence Held, as Advised by Seller
- 9.29% Yield After Listed Costs
Description
An excellent opportunity for investors to acquire an established five-bedroom HMO in Great Cornard, Sudbury, offered for sale with working professional tenants already in situ and producing a strong existing rental income.
The property currently generates £3,250 per calendar month / £39,000 per annum, equating to an attractive 11.14% gross rental yield at the £350,000 asking price.
After the seller-supplied annual costs of council tax, energy, water and internet, totalling £6,478, the property produces £32,522 per annum after these listed costs, equivalent to approximately £2,710 per month and a 9.29% yield before other ownership and investment costs.
Accommodation comprises five letting bedrooms, each currently rented at £650 pcm, together with a shared kitchen/diner, bathroom facilities and utility space. Three bedrooms are situated on the ground floor with a further two bedrooms on the first floor.
The property also benefits from a separate garage, providing an additional feature for investors, with no additional rental income currently attributed to the garage in the stated returns.
The seller has advised that the property holds an HMO licence and is situated outside an Article 4 direction. Buyers should verify the relevant licensing and planning position as part of their own legal due diligence.
Located in Great Cornard, close to neighbouring Sudbury, the property benefits from access to the town's amenities and Sudbury railway station, which provides connections via Marks Tey towards Colchester and London Liverpool Street.
For an investor looking for an established, income-producing HMO rather than a property requiring tenants to be sourced from scratch, this represents an attractive opportunity with five individual rental income streams and professional tenants already in occupation.
Asking Price: £350,000
Monthly Rent: £3,250
Annual Rent: £39,000
Gross Yield: 11.14%
Income After Listed Costs: £32,522 PA
Yield After Listed Costs: 9.29%
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Tedagill, Carsons Drive, Great Cornard, Suffolk
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Visit our security centre to find out moreDisclaimer - Property reference tedagill-carson-drive. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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