House For Sale £725,000
Investment property. A rarely available detached HMO investment property with an HMO licence in place. This detached house currently comprises; seven bedrooms of which six are occupied and one of which is completely self contained. There are four bathrooms, a communal kitchen and front and rear gardens. There is scope to develop the property further and increase the rental yield. An ideal property for an investment buyer. For sale with tenants in situ.
Income:
Room one (occupied) - £800
Room two (occupied) - £650
Room three (occupied) - £600
Room four (occupied) - £450
Room five (occupied) - £400
Room six (occupied) - £575
Gross monthly rent = £3475
Gross annual rent = £41,700
Gross yield = 5.75%
Monthly outgoings:
Council tax (over 10 months) - £287
Water - £48
Gas/electricity - £227.04
Broadband - £52.49
TV Licence - £13.2
Monthly total = £627.73
Income:
Room one (occupied) - £800
Room two (occupied) - £650
Room three (occupied) - £600
Room four (occupied) - £450
Room five (occupied) - £400
Room six (occupied) - £575
Gross monthly rent = £3475
Gross annual rent = £41,700
Gross yield = 5.75%
Monthly outgoings:
Council tax (over 10 months) - £287
Water - £48
Gas/electricity - £227.04
Broadband - £52.49
TV Licence - £13.2
Monthly total = £627.73
