This HMO in Boscombe is set up as four flats (three studios and a one bed) that have been completely refurbished throughout. Each flat is individually metered and pays their own electricity and council tax but have water rates included within their rent.
Current rent roll of £37,200pa
Flat C - £750pcm - EPC E
Flat D - £700pcm - EPC E
Flat E - £800pcm - EPC D
Flat F - £800pcm - EPC E
Tenure -
The tenure is mixed with a combination of freehold and leasehold, and the external pathways are managed common areas with maintenance payable on an as and when basis.
The block is made up of three titles, each flat has to be leasehold and there is an overall freehold which will be sold to the buyer but it will be on a separate title.
Further information -
The vendor of the property is engaged in estate agency work and is connected to the selling agent and a declaration to that is being made here.
Stamp duty due
Based on a sale price of £350,000 the total amount of stamp duty payable will be:
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Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.