House For Sale £350,000
Licensed HMO! Gross annual yield of 12.3% (when all rooms are occupied). 2 bathrooms & 2 kitchens - central village location. Call us for more details!Set in the heart of Sutton Bridge, this is a perfect opportunity to purchase a licensed House of Multiple Occupancy (HMO) which currently offers a gross annual yield of 12.3% (when all rooms are occupied). Offering accommodation split over 4 levels, the property offers 11 bedrooms (all having a hand basin), a communal laundry area, 2 kitchens and 2 bathrooms. The property does benefit from some original features.
The property does benefit from all mains services and has a fire alarm system installed, which is regularly serviced. There is an outside space, which has a lawn and paved patio seating area. There is also a vehicular access to the rear of the property (via Wharf Street), which is gated and shared with 2 other properties.
Accommodation
The property offers accommodation set over 4 levels and offers 11 independant bedrooms, each with their own washing facilities. The remainder of the property offers a communal living area, 2 kitchens (on separate floors), 2 bathrooms (on separate levels) and a communal laundry area.
Outside
The property is set on the front boundary with a small low maintenance area set behind low level railings. To the rear, there is an enclosed garden which is mainly laid to lawn, with seating areas laid to a mixture of either paved patio or concrete. Vehicular access is gained to the rear (via Wharf Street), via a gated access to a shared driveway. There are a selection outside sheds (including a brick outhouse).
Services
The property is connected to all mains services. The property has a fire alarm throughout, which is regularly serviced.
Financial Information
When all rooms are occupied, the property returns an income of £830 per week, totalling £43,160 - giving an gross annual yield of 12.3%.
Location
Positioned in the heart of the popular village of Sutton Bridge, which is on the Lincolnshire/Norfolk border, the property is perfectly positioned for access to the nearby local amenities, including a couple of mini-convenience stores and doctors surgery.
The property does benefit from all mains services and has a fire alarm system installed, which is regularly serviced. There is an outside space, which has a lawn and paved patio seating area. There is also a vehicular access to the rear of the property (via Wharf Street), which is gated and shared with 2 other properties.
Accommodation
The property offers accommodation set over 4 levels and offers 11 independant bedrooms, each with their own washing facilities. The remainder of the property offers a communal living area, 2 kitchens (on separate floors), 2 bathrooms (on separate levels) and a communal laundry area.
Outside
The property is set on the front boundary with a small low maintenance area set behind low level railings. To the rear, there is an enclosed garden which is mainly laid to lawn, with seating areas laid to a mixture of either paved patio or concrete. Vehicular access is gained to the rear (via Wharf Street), via a gated access to a shared driveway. There are a selection outside sheds (including a brick outhouse).
Services
The property is connected to all mains services. The property has a fire alarm throughout, which is regularly serviced.
Financial Information
When all rooms are occupied, the property returns an income of £830 per week, totalling £43,160 - giving an gross annual yield of 12.3%.
Location
Positioned in the heart of the popular village of Sutton Bridge, which is on the Lincolnshire/Norfolk border, the property is perfectly positioned for access to the nearby local amenities, including a couple of mini-convenience stores and doctors surgery.
