Unlock a prime investment opportunity with this purpose-designed 6 Bed HMO, located in the sought-after area of Rushey Mead, Leicester, and presented by ruut homes. This exceptional property promises a fixed high yield, making it an ideal addition to any savvy investor's portfolio.
Designed with functionality and comfort in mind, this HMO is fully equipped to meet the demands of the rental market. The property features six spacious bedrooms, ensuring ample accommodation for tenants, and includes all necessary amenities to provide a comfortable and convenient living environment.
One of the standout features of this investment is the presence of a sitting tenant, guaranteeing immediate and reliable rental income from day one. This ensures a hassle-free transition and a secure return on investment without any delays.
Situated in Rushey Mead, a vibrant and popular area, the property benefits from excellent transport links, local amenities, and proximity to educational institutions, making it highly attractive to potential tenants. The demand for quality rental properties in this area remains consistently high, ensuring long-term occupancy and profitability.
Whether you're a seasoned investor or new to the market, this 6 Bed HMO represents a unique and lucrative opportunity. Don't miss out on securing a high-yield investment in a prime location.
Contact ruut homes today for more information and to arrange a viewing. Invest smartly and enjoy the benefits of immediate rental income and long-term financial growth with this exceptional property.
Tenure : Freehold
Council Tax Band : B
Tenanted
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
