Ullswater Street

OVERVIEW

We are pleased to present 62 Ullswater Street, a fully tenanted, four-bedroom HMO generating strong, consistent rental income. At the asking price of £120,000, this property delivers a gross yield of 15.82% and a net yield of approximately 10.12%, well above typical single-let returns in the region. This is a genuinely turnkey investment, with all the operational groundwork already in place.

FINANCIAL SUMMARY

ROOM RENTS (weekly)

• Room 1:  £100 pw
• Room 2:  £95 pw
• Room 3:  £85 pw
• Room 4:  £85 pw
• Total: £365 pw  |  £18,980 pa  |  £1,582 pcm

MONTHLY RUNNING COSTS (bills-inclusive model)

• Council tax: £149
• Electricity: £139
• Gas: £117
• Water: £62
• Internet: £37
• Cleaner: £65
• Total costs: £569 pcm
• NET MONTHLY PROFIT:  £1,012
• NET ANNUAL PROFIT:   £12,144
• GROSS YIELD (on £120,000):  15.82%
• NET YIELD (on £120,000):    10.12%

LICENSING & COMPLIANCE

This property does not require a mandatory HMO licence and is not situated within an Article 4 Direction area, meaning no planning permission is required to operate it as an HMO. The property is subject to selective licensing, which the current vendor has already paid for; this would be non-transferable, we believe.

KEY FEATURES

• Fully tenanted, rental income from day one
• Bills-inclusive model with all tenants paying weekly
• Selective licence paid by vendor and transferable on sale
• No mandatory HMO licence required
• Not within an Article 4 Direction area
• Sound insulation fitted in all partition walls
• Acoustic insulation on both sides of chimney breast cavities in every room
• Rents competitively priced relative to the local market, strong demand area

WHY THIS INVESTMENT STACKS UP

A gross yield of 15.82% and a net yield exceeding 10% on a £120,000 purchase is exceptional by any measure. The bills-inclusive structure makes for straightforward tenancy management, and the competitive rent levels relative to the local market suggest genuine headroom for future income growth.

The property has been thoughtfully improved, sound insulation has been fitted throughout, both in the partition walls and within the chimney breast cavities on both sides in each room, enhancing tenant comfort and supporting strong occupancy and retention.

The absence of Article 4 restrictions and the lack of a mandatory HMO licensing requirement significantly reduce the administrative burden for any purchaser. This is as close to a hands-off, income-generating asset as the market offers at this price point.