A 19th century terrace house currently utilised as a five letting bedroom HMO, in a superb residents’ permit parking conservation area location within the City Walls.
A distinct alternative to traditional interest bearing investments, this House in Multiple Occupation is in a great location, being within walking distance of the myriad amenities in and around this historic city, as well as producing a healthy rental income.
All five rooms have been let for the 2025/2026 academic year, with three of the rooms producing £525 per calendar month and the other two £499 per calendar month, on 11 month contracts with the landlord being responsible for the payment of utility bills.
Prospective purchasers should be aware that the property was subject to some subsidence due to a drainage leak, but in 2004 this was rectified by the insurers and a Certificate of Structural Adequacy was provided in 2005.
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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