Property description
* 7 BEDROOM HMO * Bedsits with own kitchenette | 4 Bathrooms | 16% Gross Yield
The property is a terraced house consisting of a 7 bedsit HMO with 4 bathrooms, each bedsit has its own kitchenette.
HMO license & Sui Generis planning in place.
EPC rating C.
Currently only part tenanted at £325 per room pcm. Fully managed by a local agent and tenanting in process.
Annual income fully tenanted £27,300, giving a healthy 16% gross yield.
There is room to increase rents with a little refurbishment.
On entering the property on the ground floor there are 2 bedsits and a bathroom with access to the rear courtyard. On the first floor there are a further 2 bedsits and a further 2 bathrooms and finally on the second floor another 2 bedsits and another bathroom.
Bedsit 1 – 19.1sqmBedsit 2 – 15.8sqmBedsit 3 – 13.1sqmBedsit 4 – 22.6sqmBedsit 5 – 15.8sqmBedsit 6 – 22sqmBedsit 7 – 15.8sqm
Ideal investment property with a healthy yield.
Get in touch for more information or to arrange a viewing.
*Please verify these details through the conveyancing process*All distances or travel times are based on Google Maps* Please note a buyers fee of 1.5% + VAT
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