The Haven
Selby, YO8 8BJ
£211,000
Here is a pleasant three-storey townhouse comprising 3 bedrooms, a kitchen diner, upstairs and downstairs bathrooms, a utility room, and an office space. It is located in a quiet cul-de-sac whilst being in the heart of Selby, near all necessary amenities.
The layout of this property could easily be used as a small 3-4 bed HMO or large residential unit. While housing less than 5 tenants, the property will not require a licence under the Selby council requirements. This is an ideal opportunity for experienced investors. Check out our HMO description for this property.
Selby is a beautiful market town full of character with a stunning abbey as its focal point. It is also a short 30-minute commuting distance from the historic city of York.
Property Investor Details
Utilities
£3,600
Council Tax
£2,149
Management fees Housemates
£1,628
Annual income
£27,133
Mortgage repayment*
£7,913
Gross yield
12.86%
Net yield
9.36%
Net yield remortgaged
22.45%
5 year ROI remortgaged
273.28%
*Calculated at 25% LTV with a 5% interest only mortgage. This value can vary subject to respective mortgage lenders.
Calculation Brochure and Property Management Solutions
Download the brochure for this property to see how we calculate the figures displayed above and get additional insight on how to maximise returns. Check out our buy-to-let management solutions as well for comprehensive and investor-friendly letting agent services.