An ideal opportunity to acquire a house in multiple occupation (HMO). The property has been divided into six units, three of which have en-suite facilities.
The other three share a bathroom and shower room. There is a communal kitchen and dining area.
The current rental income is as follows: Room one £595 per calendar month Room two £495 per calendar month Room three £550 per calendar month Room four £550 per calendar month Room five £595 per calendar month Room six £595 per calendar month
Total £3380 per month which equates to £40,560 per annum which equates to a yield of 10.5% based upon the asking price.
Tenure Freehold, subject to the existing tenancies.
Nightingale Drive is situated on the site of the old hospital off Knaresborough Road. The location is well placed with good local amenities including Starbeck High Street. There are good public transport facilities nearby which link to both Knaresborough and Harrogate on the train line on the Leeds to York line.
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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