House For Sale £400,000
Huge 7 Bedroom HMO Property | Scope to Develop and Refurbish | Annual Rent: £29,832 | Monthly Rent: £2,486 | Fantastic Location | two Kitchens | Fully Tenanted | Professional Tenants
This 7 Bedroom, fully licensed HMO has mountains of potential!
A sprawling new build property with additional scope for renovation. The license currently covers 8 people over 7 households. Each bedroom is a good sized double room and is getting reasonable rental income.
The house comprises of 3 floors.
The ground floor has a small reception room, currently used as basic storage and has a Fridge Freezer for the tenants to use. We also have Bedroom 1 and a WC on the right hand side as you walk in. In addition the house has a Kitchen on the ground floor to the left, and also has a very large garage that has been converted into a room and is currently storage for the landlord. This room can be turned into a lounge with an open plan kitchen area relatively easily by taking out the garage door and replacing with a window In addition you have access to a private good size garden which is used regularly by the tenants.
On the 1st floor, there is a large lounge, a toilet room and the main kitchen. Bedrooms 2 and 3 are also located here.
On the 2nd Floor you have 4 bedrooms and 2 bathrooms. One has a bath tub, the other has a walk-in shower.
Rental Income:
Room 1: £365pcm
Room 2: £350pcm
Room 3: £350pcm
Room 4: £350pcm
Room 5: £350pcm (currently void)
Room 6: £346pcm
Room 7: £375pcm
Current Gross Monthly Rent: £2,486
Current Annual Rent: £29,832
We understand that the property has all relevant certification and is operated as per the HMO license.
Please note: A 2% plus VAT buyer's fee applies to this sale.
If you would like to view this property, you will need to send proof of funds along with photographic identification prior to booking an appointment. This is to ensure tenant disruption is kept to a minimum. If you cannot show proof of a minimum 25% deposit, then a viewing will not be arranged.
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Freehold - To be confirmed by the Vendor’s Solicitors
Possession
Tenant Occupied
Viewing
Viewing strictly by appointment
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
This 7 Bedroom, fully licensed HMO has mountains of potential!
A sprawling new build property with additional scope for renovation. The license currently covers 8 people over 7 households. Each bedroom is a good sized double room and is getting reasonable rental income.
The house comprises of 3 floors.
The ground floor has a small reception room, currently used as basic storage and has a Fridge Freezer for the tenants to use. We also have Bedroom 1 and a WC on the right hand side as you walk in. In addition the house has a Kitchen on the ground floor to the left, and also has a very large garage that has been converted into a room and is currently storage for the landlord. This room can be turned into a lounge with an open plan kitchen area relatively easily by taking out the garage door and replacing with a window In addition you have access to a private good size garden which is used regularly by the tenants.
On the 1st floor, there is a large lounge, a toilet room and the main kitchen. Bedrooms 2 and 3 are also located here.
On the 2nd Floor you have 4 bedrooms and 2 bathrooms. One has a bath tub, the other has a walk-in shower.
Rental Income:
Room 1: £365pcm
Room 2: £350pcm
Room 3: £350pcm
Room 4: £350pcm
Room 5: £350pcm (currently void)
Room 6: £346pcm
Room 7: £375pcm
Current Gross Monthly Rent: £2,486
Current Annual Rent: £29,832
We understand that the property has all relevant certification and is operated as per the HMO license.
Please note: A 2% plus VAT buyer's fee applies to this sale.
If you would like to view this property, you will need to send proof of funds along with photographic identification prior to booking an appointment. This is to ensure tenant disruption is kept to a minimum. If you cannot show proof of a minimum 25% deposit, then a viewing will not be arranged.
Disclaimer:
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
Tenure
Freehold - To be confirmed by the Vendor’s Solicitors
Possession
Tenant Occupied
Viewing
Viewing strictly by appointment
Misrepresentation Act 1967: Genie Homes for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
