Latest Valuation
£109,988
ROCE
30.7%
Selling Agent
Sourced Bournemouth East

30.7% ROCE – Buy-to-Let 4 Bed HMO in Huddersfield

Excellent Condition with No Work Required.
Guide Price
£110,000

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Key Features

  • 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

The Property

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.

Property Information:
Tenure: Leasehold (108 years remaining)
Service Charge: £63.89 per month
EPC Rating: D (60)
Council Tax Band: A

Financial Information:
Purchase Price: £110,000
Deposit: £27,500
Stamp Duty: £3,300
Legal Fees: £1,500
Survey: £350
Sourcing Fee: £2,500
Refurbishment: £0
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%

Planning Information

N/A

The Plan

Straight forward, buy-to-let and hold in a portfolio.

Financial Information:
Purchase Price: £110,000
Deposit: £27,500
Stamp Duty: £3,300
Legal Fees: £1,500
Survey: £350
Sourcing Fee: £2,500
Refurbishment: £0
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%

The Location

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)

Average estimated value for a house in HD1

£121,300

The immediate area around this property has approximately a 25% population of students in full-time education, suggesting a popular area for students to reside.

The average selling price for flats in the are within the last 12 months is £121,300.