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House For Sale £750,000
Upper Tything, Worcester WR1


Description
This is an investment opportunity to purchase a HMO property in Worcester generating £67,620 rent pa & gross yield of 9%.

Property information

  • Fully licenced for 10 occupants in 10 bedrooms
  • The property has been fully refurbished
  • Each bedroom has its own ensuite bathroom
  • Shared kitchen on the lower ground floor
  • Shared living room on the first floor
  • EPC rating X
  • The property is fully managed by a third party


Rental information

  • Room 1 - £550 pcm
  • Room 2 - £550 pcm
  • Room 3 - £550 pcm
  • Room 4 - £550 pcm
  • Room 5 - £595 pcm
  • Room 6 - £595 pcm
  • Room 7 - £550 pcm
  • Room 8 - £550 pcm
  • Room 9 - £550 pcm
  • Room 1- - £595 pcm
  • Total rent pcm: £5,635
  • Total rent pa: £67,620


Running costs

The vendor provided us with the following running costs for this property:

  • Council tax: £121 pcm
  • Gas: £225 pcm
  • Water: £55 pcm
  • Electric: £200 pcm
  • Broadband: £33 pcm
  • Insurance: £76 pcm
  • Total cost pcm: £710
  • Total cost pa: £8,520


Location information

  • The property is in a great location less than 10-minute walk from the city centre
  • Many amenities and shops on the doorstep
  • Worcester Foregate Street railway station is half a mile from the property


Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Follow the link for more information: 
        
zoopla.co.uk
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