House For Sale £600,000
An excellent opportunity to purchase a seven bedroom HMO (House in Multiple Occupation), offering a superb investment opportunity and situated in the highly accessible Hill Barton area. Currently let to professionals and generating a gross annual income of £51,060 with a 8.51% gross rental yield.
Well presented thoughout, the light and spacious accommodation comprises entrance hall, living room, superb open plan kitchen/dining room, conservatory, ground floor utility room and separate cloakroom, two ground floor double bedrooms, ground floor shower room, four first floor double bedrooms (one ensuite), first floor shower room, and further second floor double bedroom.
Outside the property has a well maintained and enclosed level rear garden with patio and lawned areas and a useful bike shed. To the front is a private gravelled driveway providing parking for several vehicles.
Viewing is highly recommended and a 360 Virtual Tour is available to view online.
Financial Information
Room Rents: Room 1 £575, Room 2 £640, Room 3 £555, Room 4 £565, Room 5 £635, Room 6 £650, Room 7 £635- Total Income £4,255 monthly / £51,060 annual income with a gross yield of 8.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £783.42 monthly (based on July 2022) / £9,401.04 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £41,658.96 / Net Yield of 6.61%. Energy Rating D (65) / Potential Rating C (74)
Viewing Arrangements
Strictly by appointment with Naomi J Ryan Estate Agents on . Brochure v2.0.
Well presented thoughout, the light and spacious accommodation comprises entrance hall, living room, superb open plan kitchen/dining room, conservatory, ground floor utility room and separate cloakroom, two ground floor double bedrooms, ground floor shower room, four first floor double bedrooms (one ensuite), first floor shower room, and further second floor double bedroom.
Outside the property has a well maintained and enclosed level rear garden with patio and lawned areas and a useful bike shed. To the front is a private gravelled driveway providing parking for several vehicles.
Viewing is highly recommended and a 360 Virtual Tour is available to view online.
Financial Information
Room Rents: Room 1 £575, Room 2 £640, Room 3 £555, Room 4 £565, Room 5 £635, Room 6 £650, Room 7 £635- Total Income £4,255 monthly / £51,060 annual income with a gross yield of 8.51%
Total expenditure including gas, electric, water, council tax, TV licence, broadband, and cleaner: £783.42 monthly (based on July 2022) / £9,401.04 annually. Tenants contribute monthly to energy costs that exceed £200.
Net Annual Income of £41,658.96 / Net Yield of 6.61%. Energy Rating D (65) / Potential Rating C (74)
Viewing Arrangements
Strictly by appointment with Naomi J Ryan Estate Agents on . Brochure v2.0.
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