An outstanding investment opportunity in the heart of Chester's thriving student rental market. 19 West Lorne Street is a fully licensed 5-bedroom HMO (House in Multiple Occupation), perfectly positioned just a short distance from the University of Chester's main campus and the city centre with potential gross income of over £32,000 per annum.
This well-maintained property has recently had its HMO licence renewed, offering peace of mind for prospective investors. With potential to achieve a strong rental income of £32,000 per annum.
The property comprises five spacious bedrooms, each well-presented and fully furnished to cater to student needs. Two modern bathrooms serve the household and an additional shower room, offering practicality and convenience for multiple occupants. A communal living room provides a comfortable and welcoming space for tenants to socialise, relax, or study together. The kitchen has been recently fitted with high quality cupboards, two ovens, two hob and two sinks.
This is a fully compliant HMO with an up-to-date licence recently renewed, ensuring it meets all current safety and housing standards. The property has a strong rental history with consistent tenant demand and minimal void periods.
Situated on West Lorne Street, the property is ideally located within walking distance of the University of Chester and the city centre. Local amenities, shops, cafes, and bars are all close by, alongside excellent transport links, making it a highly desirable location for students.
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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