A mid-terrace house currently utilised as a six letting bedroom HMO producing a healthy annual rental income yield, in an extremely convenient Garden Quarter location near to the City Centre. Being sold by a licensed HMO landlord is this six bedroom HMO. In total, the sale of this property represents the opportunity to acquire a substantial period property in a very convenient location with access to the Bache and Chester railway stations as well as the historic Roman city of Chester and the University. The current gross annual income equates to 34,700. The property also has the benefit of a gas central heating system, double glazed windows, walled patio style rear garden, connections to all mains services and a fire alarm and carbon monoxide systems. There have been recent improvements including new flooring, blinds, smart TV and redecoration.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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