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Huddersfield, HD4 XXX

3 Bedroom Semi-Detached

A 3 bed student rental property in Huddersfield, 5 minutes walk to the University and currently tenanted until 30th June 2018 with strong interest from prospective tenants for next year. The property does not require House of Multiple Occupation (HMO) licence and currently generates £10,800 rental receipt per annum (3 rooms x £75 x 4 weeks x 12 months). The £75 pppw rent includes gas, electric and water (the contract states that this cannot exceed £10pppw). A local lettings agent has confirmed that a fourth bedroom could potentially generate a further £2,800 in gross rent per annum and that £85pppw per room and £90 pppw for the ensuite is "easily achievable" (including bills) from June 2018. Bank statements confirming rental receipts are available upon request. Please note, the figures below are anecdotal and based on our default single-let calculations (click on the enquiry button and we will forward our complete due diligence pack). *** PLEASE NOTE THE FIGURES BELOW ARE SUBJECT TO SPECIFIC HMO CALCULATIONS / METRICS THAT WE ARE HAPPY TO DISCUSS ***

  • Purchase Price:
    £129,995.00
  • Deposit (75% LTV):
    £32,499.00
  • Monthly Rental Figure:
    £975.00
  • Gross Yield:
    9.00%
  • Mortgage Figure (@ 5.00% Payrate*):
    £325.00
  • Monthly Service Charge:
    £0.00
  • Monthly Ground Rent:
    £0.00
  • Estimated Total Monthly Holding Costs:
    £671.00
  • Estimated Monthly Net Operating Income (NOI):
    £304.00
  • Estimated Net Yield (Pre Tax):
    2.81%
  • Estimated ROCE (Annual Net Operating Income / Deposit):
    11.24%
  • Estimated Annual Capital Growth Expectation:
    1-2%
  • Stamp Duty Charge:
    £4,000.00
  • Buyer's Legal Fees:
    £750.00
  • Seller's Legal Fees:
    £0.00
  • Lender's Legal Fees:
    £250.00
  • Estimated Refurbishment Costs:
    £0.00
  • Google Maps Area Link:
  • Bing Maps Area Link:
  • Wikipedia Link:
  • Local Authority Website:

* Average rate of the top 8 Limited Company (SPV) buy-to-let mortgages (based on a purchase price of £100,000 / £75,000 loan / 25-year term and therefore not the financing terms of this transaction). See our monthly factfiles for the latest figures.

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February 2018

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