House For Sale £385,000
For Sale by Modern Method of Auction, Starting Bid £385,000 plus Reservation Fee.
This extensive property represents a fantastic opportunity for the HMO investor. Adapted as an seven/eight bedsit HMO, with vendor stating all necessary regulations have been met. Off-road parking is available to the properties frontage and an enclosed garden to rear. Ideally located to Wolverhampton City Centre with excellent transport links only a short walk away.
The properties owner has managed this property as a House Of Multiple Occupancy for some years and has made us aware that he has achieved a rental income of over £25,000 per annum when fully let, with each bedsit renting at £90 per week in its years. The ground floor comprises of three bedsits, kitchen and shower room with access to cellar.
First floor offers three further bedsits, kitchen, bathroom and separate w.c. Whilst the second floor offers two further bedsits, a separate kitchen area and bathroom.
The HMO license is valid with Wolverhampton City Council until November 2023, however any interested party will need to make their own enquires.
This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.
Entrance Hallway
Reception Room/Bedroom
Reception Room/Bedroom
Reception Room/Bedroom
Kitchen
Ground Floor Shower Room
Cellar
First Floor Landing
Bedroom One
Bedroom Two
Bedroom Three
Kitchen
Office/Snug
First Floor Bathroom
Second Floor Landing
Bedroom Four
Bedroom Five
Kitchen
Second Floor Bathroom
This extensive property represents a fantastic opportunity for the HMO investor. Adapted as an seven/eight bedsit HMO, with vendor stating all necessary regulations have been met. Off-road parking is available to the properties frontage and an enclosed garden to rear. Ideally located to Wolverhampton City Centre with excellent transport links only a short walk away.
The properties owner has managed this property as a House Of Multiple Occupancy for some years and has made us aware that he has achieved a rental income of over £25,000 per annum when fully let, with each bedsit renting at £90 per week in its years. The ground floor comprises of three bedsits, kitchen and shower room with access to cellar.
First floor offers three further bedsits, kitchen, bathroom and separate w.c. Whilst the second floor offers two further bedsits, a separate kitchen area and bathroom.
The HMO license is valid with Wolverhampton City Council until November 2023, however any interested party will need to make their own enquires.
This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.
Entrance Hallway
Reception Room/Bedroom
Reception Room/Bedroom
Reception Room/Bedroom
Kitchen
Ground Floor Shower Room
Cellar
First Floor Landing
Bedroom One
Bedroom Two
Bedroom Three
Kitchen
Office/Snug
First Floor Bathroom
Second Floor Landing
Bedroom Four
Bedroom Five
Kitchen
Second Floor Bathroom
