4 double bedroom HMO with 4 bathrooms, communal reception, kitchen and courtyard after being freshly re-developed in the last 12 months, providing an active income of £2,850pcm in rental income, in the desirable area of Southsea.
RICS Residential Survey conducted in Sept '24 at value of £355,000
HMO Licence was obtained with in the last 12 months and renewed in Feb '25, with gas safe & electrical safe certificates in place.
Can easily be re-utilised as a family home if desired.
Room Rates - The property in over 12 months has had a 100% occupancy rate, with each room receiving £750, £800, £750 and £550 respectively. Presently all occupied.
Note From The Vendor - The vendor is looking to sell due to opportunities abroad.
Note From The Agent - This is a modern and well laid out HMO with great returns and very little work work required, to provide a steady and decent rental income, in a high demand area, a great find.
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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