10 Kites Close, Crawley, West Sussex, RH11 7DP

6 6 1

£655,000 House of multiple occupation for sale

Description

Fantastic investment opportunity! This is a newly converted, premium HMO, completed in June 2020. There is an established managing agent in situ, so it is extremely well-maintained and well-run. The property is set back from the road in a lovely quiet cul-de-sac looking out onto the large green square. It provides a modern style of living with an open-plan-style kitchen/ living area; the kitchen is fully fitted with bespoke fixtures and fittings. The property comprises of 6 double bedrooms, all en-suite. There is a large garden with a further outbuilding currently used for storage and an additional WC.

The property currently has high-quality tenants living in-situ and is fully occupied with excellent historical occupancy. The Gross Income is £49,020 per annum and the Gross Yield is 7.48%.

Located in Crawley, conveniently located between London and Brighton with easy access to M23 and M25. Crawley is a popular area for tenants with multiple strong employers in the area, with several large companies' HQs based there such as Deloitte, Virgin Atlantic, Nestle UK and EDF Energy. It is also home to Gatwick airport, the UK's second-largest airport. It benefits from the local town facilities, being within 0.2 miles (4-minute walk) from Crawley Hospital and other amenities are within 0.4 miles. Transport links are ideal with multiple bus stops within 0.1 miles of the property. Local railway stations include Crawley (0.7 miles away) and Ifield (1.2 miles away), and Thameslink services provides travel links into London Bridge in just 35 minutes from Three Bridges station.

Income;

Room 1 - £650 / Room 2 - £685 / Room 3 - £700 /

Room 4 - £700 / Room 5 - £650 / Room 6 - £700

Total; £4,085 PCM / £49,020 PA

Expenditure;

Gas - £96.48 / Electric - £27.45 / Water - £26 /

Council Tax - £172 / TV License - £13.20 / Broadband - £56.39 / Cleaner - £51 / Management - £612.75

Total; £1,055.27 PCM / £12,663.24 PA

Gross Yield: 7.48%

Buyer Fee: 2.00% + VAT

Reference: TSC-32728174
10 Kites Close - Crawley - floorplans Energy Efficiency Chart Environmental Impact Chart

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Features

  • Back-To-Brick Refurbishment
  • Very High Spec
  • 6 Bedroom, 6 Bathroom (All En-Suite) HMO
  • Central Location
  • Gross Income : £49,020 PA
  • Gross Yield : 7.48%
  • 2% +VAT Buyer's Fee

Enquiry

To make an enquiry for this property, please call us on 01743 612 018, or complete the form below.