House For Sale £260,000
Earn instant income on the already tenanted HMO investment opportunity! This excellent 7 bedroom HMO is in the heart of the popular seaside resort of Blackpool, enquire today to avoid disappointment.
This wonderful seven bedroom HMO comprises of; entrance hallway leading to two rooms on the ground floor; a three piece family bathroom with shower over bath; spacious lounge with double glazed window; fully fitted kitchen with all appliances included. First floor comprises of; three self contained rooms; spacious lounge; fully fitted kitchen with all appliances included; three piece family bathroom. Second floor comprises of; two self contained rooms; two spacious lounges with double glazed windows; fully fitted kitchen with all appliances included.
Raikes Parade is within a short distance of Blackpool's famous promenade, this attractive HMO opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council's £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK's first 'flying theatre', and an indoor virtual reality experience amongst other exciting attractions.
Reasons to invest in Blackpool:
Great commuter area
Average asking price for flats £83,362 (Zoopla, 2020)
Future investment to area with potential to increase job opportunities and property prices.
Financial Breakdown
Gross rent: £35,620
Ground rent: £0
Service charge: £0
Lettings fees: £4,274
Net income: £25,887
Gross yield: 13.7%
Net yield: 9.96%
Important Note To Purchasers
*For leasehold properties: Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16016
This wonderful seven bedroom HMO comprises of; entrance hallway leading to two rooms on the ground floor; a three piece family bathroom with shower over bath; spacious lounge with double glazed window; fully fitted kitchen with all appliances included. First floor comprises of; three self contained rooms; spacious lounge; fully fitted kitchen with all appliances included; three piece family bathroom. Second floor comprises of; two self contained rooms; two spacious lounges with double glazed windows; fully fitted kitchen with all appliances included.
Raikes Parade is within a short distance of Blackpool's famous promenade, this attractive HMO opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council's £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK's first 'flying theatre', and an indoor virtual reality experience amongst other exciting attractions.
Reasons to invest in Blackpool:
Great commuter area
Average asking price for flats £83,362 (Zoopla, 2020)
Future investment to area with potential to increase job opportunities and property prices.
Financial Breakdown
Gross rent: £35,620
Ground rent: £0
Service charge: £0
Lettings fees: £4,274
Net income: £25,887
Gross yield: 13.7%
Net yield: 9.96%
Important Note To Purchasers
*For leasehold properties: Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16016
