- 30.7% ROCE (Self Managed)
- 24.3% ROCE (Fully Managed)
- Fringe of Huddersfield Town Centre, HD1
- Excellent Condition, with no Refurb Required
- 15 min Walk to the Uni
4 bedroom HMO just 5 minutes walk to Huddersfield Town Centre and Train Station.
Excellent condition with no work required.
Self-managed ROCE at 30.7% with the fully managed (hands-off) ROCE at 24.3%.
Just £35,150 cash required to complete this purchase!
This 4 bedroom duplex is in a fab location just a short walk to Huddersfield University, Town Centre and the Train Station. The property has been well looked after and requires no refurbishment at all. Spread across two floors, you have 2 bedrooms on the first floor and the additional two bedrooms on the second floor. A modern kitchen/diner and both a bathroom and a shower room complete this property.
Outside property is some off-road parking and communal grounds.
Located on the fringe of Huddersfield Town Centre, close to local amenities and with good road links to the M62
Huddersfield Uni - 15 min walk (0.7miles)
Town Centre - 5 min walk (0.3miles)
Huddersfield Train Station - 7 min walk (0.5miles)
Historically let out to 4 students, now recently let on a 6 month AST, ending 17th December 2020.
Tenure: Leasehold (108 years remaining)
Service Charge: £63.89 per month
EPC Rating: D (60)
Council Tax Band: A
Purchase Price: £110,000
Stamp Duty: £3,300
Legal Fees: £1,500
Sourcing Fee: £2,500
TOTAL Cash Outlay: £35,150
Gross Annual Rent £18,720 (£90p/w per person)
Annual Bills: £2,640
Council Tax (Band A): £0 (Students)
Service Charges (per annum): £767
Full Management (12%): £2,246
Void Period (1 month): £1,560
Interest Payments on 75% LTV (3.6%): £2,970.00
TOTAL Deductions: £10,183
NET Annual Income: £8,537
NET Return on Cash Employed (Fully Managed): 24.3%
NET Return on Cash Employed (SELF Managed): 30.7%