House For Sale £160,000
•Four bed HMO
•Half income producing currently but consistently generating £20,000 per annum when fully let
•Freehold residential investment opportunity – potential gross yield 12.5%
The property is situated in a popular location just a short walk to the centre of Burton, Burton hospital and train station all within a similar distance from the property, making the area particularly attractive to professionals and the rental market.
Internally, the house is made up of 4 bedrooms with a communal living kitchen area, three bedrooms with en-suites and one without having a separate bathroom.
To the rear there is a small garden area.
Services - We understand the property to have mains gas, electricity, water and drainage. Prospective purchasers are advised to make their own investigations.
Tenure - Freehold
Investment Analysis - The HMO has previously generated an income of £1,666 pcm (£20,000 pa), before utility bills and council tax. Representing a gross yield of 12.5% based on the price.
Council Tax - The house is rated in Council Tax Band A
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
•Half income producing currently but consistently generating £20,000 per annum when fully let
•Freehold residential investment opportunity – potential gross yield 12.5%
The property is situated in a popular location just a short walk to the centre of Burton, Burton hospital and train station all within a similar distance from the property, making the area particularly attractive to professionals and the rental market.
Internally, the house is made up of 4 bedrooms with a communal living kitchen area, three bedrooms with en-suites and one without having a separate bathroom.
To the rear there is a small garden area.
Services - We understand the property to have mains gas, electricity, water and drainage. Prospective purchasers are advised to make their own investigations.
Tenure - Freehold
Investment Analysis - The HMO has previously generated an income of £1,666 pcm (£20,000 pa), before utility bills and council tax. Representing a gross yield of 12.5% based on the price.
Council Tax - The house is rated in Council Tax Band A
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
