House For Sale £520,000
A house of multiple occupancy (HMO) with a valid HMO licence starting from 28/08/2020, preserving the heritage of the status which has been developed by the current investment owners who are looking to sell. A maximum of six persons can reside.
Currently let with a gross yield circa £34,320 inclusive of bills. Nett yield circa £31,200 per annum giving an investment valuation at £520,000 at 6% annual nett yield.
The current student group have a let secured until 30/06/2023.
Our professional landlord clients are selling this traditional six bedroom terraced house. Five of the six bedrooms contain a shower cubicle and hand wash basin within. The sixth bedroom on the 2nd floor has access to a private shower room with W.C, shower cubicle, hand wash basin and radiator. A communal living space with kitchen and lounge area are provided, with a conservatory to the rear leading on to a private rear garden which is laid to lawn. Separate communal W.c’s are contained within the property as well as a utility area off of the conservatory. Gas central heating system and UPVC double glazing is present.
Porch
Entrance Hall
Bedroom 4.38m x 4.01
Bedroom 3.94m x 3.61m
Cellar
Open Plan Lounge/Kitchen 5.70m x 3.10m
Conservatory
W.C
Utility Area
Bedroom 4.86m x 3.07m
WC
Bedroom 3.96m x 3.28m
Bedroom 4.39m x 3.64m
Shower Room
Bedroom 5.15m x 4.27m
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate. Prospective purchasers are always advised to commission a full inspection before deciding to proceed with a purchase.
Currently let with a gross yield circa £34,320 inclusive of bills. Nett yield circa £31,200 per annum giving an investment valuation at £520,000 at 6% annual nett yield.
The current student group have a let secured until 30/06/2023.
Our professional landlord clients are selling this traditional six bedroom terraced house. Five of the six bedrooms contain a shower cubicle and hand wash basin within. The sixth bedroom on the 2nd floor has access to a private shower room with W.C, shower cubicle, hand wash basin and radiator. A communal living space with kitchen and lounge area are provided, with a conservatory to the rear leading on to a private rear garden which is laid to lawn. Separate communal W.c’s are contained within the property as well as a utility area off of the conservatory. Gas central heating system and UPVC double glazing is present.
Porch
Entrance Hall
Bedroom 4.38m x 4.01
Bedroom 3.94m x 3.61m
Cellar
Open Plan Lounge/Kitchen 5.70m x 3.10m
Conservatory
W.C
Utility Area
Bedroom 4.86m x 3.07m
WC
Bedroom 3.96m x 3.28m
Bedroom 4.39m x 3.64m
Shower Room
Bedroom 5.15m x 4.27m
These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate. Prospective purchasers are always advised to commission a full inspection before deciding to proceed with a purchase.
