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HMO, Priory Road, Spalding, Lincolnshire, PE11

6 1 0
£300,000 Guide Price

HMO, Priory Road, Spalding, Lincolnshire, PE11

£300,000 Guide Price
6 Bedrooms 1 Bathrooms 0 Receptions
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Property features

  • HMO Investment Opportunity
  • Near to Spalding Train Station
  • Nearly Fully Tenanted

Property media

Property details

This Priory Road HMO Property located in the Market Town of Spalding on the River Welland in the South Holland district of Lincolnshire, and located only 0.3 miles from the Spalding Train Station, is suitable for occupation by a maximum of 5 people and is now For Sale.

Asking price of £300,000 (Three Hundred Thousand Pounds)

Current Gross Yield is 13%. Gross Yield of 14% and a 9.5% Net Yield of ERV (Estimated Rental Value) of the property for 2024. Schedule available upon request.

Majority of all units are already Let with at least 1 year Lease/AST in place.

1. Share Purchase of SPV is available, saving approx 4% ( Stamp Duty Land Tax)
2. Opportunities for capital enhancements/value addition within the property, further increasing Return on Investment
3. Located in a near major transport hub, highly rated Offsted Schools and local amenities on the High Street, placing the property well for High Capital appreciation.

EPC Rating D

Contact DM and Co to arrange a Viewing By Appointment Only

DM & Co, Synonymous with Competitive Rates, Integrity and Success!

DM & Co is Proud to Inform you we now offer both Residential and Commercial Sales Services, to complement our Trusted Lettings and Management Services, due to popular demand.

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Contact us on 0208 864 5775 or click the button below to arrange a viewing.
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Please note: This calculator provides estimates only and should not be relied upon for financial decisions.
Loan amounts and criteria will differ across lenders. Your home may be repossessed if you do not keep up repayments on a mortgage.
Please speak to your financial advisor before making any mortgage decisions.
Please note: This calculator provides estimates only and should not be relied upon for financial decisions. The calculation is based on the residential stamp duty rules for a freehold property as described in March 2017.
For a more accurate and current calculation for your specific situation please see the Stamp Duty Land Tax website.
You can also calculate stamp duty using the HMRC calculator.

Property location

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HMO, Priory Road, Spalding, Lincolnshire, PE11

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From opening in 2000, DM & Co in Sudbury Hill, Harrow operate on simple, straight forward and open friendly but professional basis only.

Office address

170 Greenford Road,
Sudbury Hill,
Harrow, Middx,
United Kingdom,

Tel: 0208 864 5775
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