Six Bedroom HMO£40,560 Potential Yearly IncomeTown Centre LocationFreeholdTenants In Situ Secure My Sale Estate Agents are delighted to bring this spacious mid-terraced Victorian property to the market. Located in the heart of Grantham, the property which is spread over three floors boasts six spacious bedrooms, three bathrooms, two kitchens, and a communal dining room. It’s close proximity to local amenities, like shops, the bus station, train station amongst others, make it ideal for anyone who would be interested. The property is currently being ran as a licensed HMO (House in Multiple Occupation) with tenants in situ, which guarantees income for the property. If purchased at £300,000 with all rooms rented out amounting to figure of £41,600, £780 / week this property achieves a staggering yield of 13.52%. Alternatively, it also holds the potential to be restored to its former splendour as a private family residence. Ground FloorBedroom OneGenerously sized double bedroom benefits from lots of natural light through its large bay window.Bedroom TwoLarge double bedroom offering ample space.Dining RoomBright and inviting communal dining area acts as social hub of the property.Kitchen OneGalley style kitchen with lots of workspace area and ample storage.Kitchen TwoModern-fitted kitchen offers practical, well designed area with double hobs + ovens. First FloorBathroom OneSpacious shower room with walk in shower, toilet and wash basin.Bedroom ThreeWell-proportioned bedroom with large window facing rear.Bedroom FourLarge, light filled double bedroom with twin sash windows.Bathroom TwoCompact, cleverly designed modern shower room with walk in shower, toilet and was basin. Second FloorBedroom FiveLarge double bedroom with built in storageBedroom SixSpacious bedroom with ample space to design layout exactly to your liking.Bathroom ThreeIdentical to previously mentioned shower room. OutsideRear enclosed garden allowing for privacy. Cellar
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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