A five-bedroom HMO located in an Oldfield Park cul-de-sac offering a 7.57% yield with tenants in situ until August 2026.
This five-bedroom HMO has proven to be a remarkable investment for the current property owners. The current landlords have maintained the property to an good standard, ensuring a comfortable and pleasant living space. The property is currently occupied by 5 tenants on a 12-month tenancy that commenced on 03/08/26, therefore this will be sold with tenants in situ.
As you step into the property, you'll find an inviting entrance hall. The sitting room sits to the rear of the ground floor overlooking the garden and measures a generous 14'5'' X 11'9''. Additionally, the kitchen and a convenient downstairs cloakroom are situated on this level.
Bedroom two, which is a double is situated on the ground floor while you'll discover the remaining four bedrooms on the first floor. Three of which have built-in storage for added convenience. The first floor also features two shower rooms accessible from the landing.
Externally, the property has parking for multiple vehicles on the driveway, leading up to the single garage. The front garden is laid to lawn, while a side gate leads to the tiered rear garden, graced by an attractive Monkey puzzle tree. A patio area adds to the overall appeal of the outdoor space.
In summary, this five-bedroom HMO presents an outstanding opportunity for investors, with its proven track record, appealing features, and attractive yield. With tenants already in place, it promises immediate returns and a hassle-free ownership experience.
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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