Bybrook Road, Kennington, Ashford, Kent

HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.

Property Overview
Positioned in a key location at 185 Bybrook Road, Ashford, Kent, TN24 9JH, this HMO stands out with its well-considered design tailored for tenant satisfaction and optimised living spaces. Offering six bedrooms each with its own bathroom, the property secures a stable gross annual income of £43,200, with projections rising to £45,000 by Q4 2024. This reflects a solid yield between 9.7% and 10%, highlighting its profitable investment potential. The property has been developed and is currently operated by an experienced HMO landlord, well-recognized across Kent for quality accommodations.

Local Market and Investment Potential
Ashford is a burgeoning market with property values on the rise, making it an attractive locale for investors. The strategic management by 'Rooms in Kent' adds a layer of operational excellence, with the current management team open to continuing their services to ensure a seamless transition and maintain high occupancy rates. This HMO is strategically designed to meet the high demand in the area, supported by Ashford’s growing appeal due to its excellent connectivity to London and Europe, vibrant local economy, and expanding urban developments. This property does not only offer immediate financial returns but also stands as a sustainable investment in a competitive market, ensuring long-term capital appreciation.

Income Breakdown (Monthly):
Room 1: £620.00
Room 2: £575.00
Room 3: £550.00
Room 4: £595.00
Room 5: £595.00
Room 6: £640.00

Total Monthly Income: £3,575.00

Annual Income:

£42,900.00

Expenditure Breakdown (Monthly):

Gas: £197.84
Electric: £93.38
Water: £90.00
Council Tax: £146.67
TV License: £13.25
Broadband: £61.70
Cleaner: £86.00

Total Monthly Expenditure: £688.84

Annual Expenditure:

£8,266.08

Net Annual Income:

£34,633.92 (calculated as Total Income - Total Expenditure)

Gross Yield:

9.77%

Commentary:
The rents are scheduled to increase to £3,750 PCM, which will enhance the property's gross yield to just over 10% at the asking price. Investors will need to consider their own cost of lending and management structure. The property's financial performance indicates a solid gross yield, reflecting its potential as a valuable investment. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.