House For Sale £190,000
This 5 bed, licenced HMO in a prime town centre location has been recently renovated to a good standard. Consisting of 2 bathrooms, a large kitchen with 2 cookers on seperate sides, 5 rooms with their own independent utilities points for electric. There is a rear yard and garden at the bottom of the garden there is an ongoing treatment plan for Japanese knot weed. The treatment has been on going for a few years and is confined to the bottom of the garden away from the property which is under control.
The HMO was earning £120 per week per room working out to a potential annual Gross income of £31,200 based on last years figures. The EPC is currently F but we are informed that the HMO licensing allows for the property to be let and the permitted development as the seller is responsible for the energy bills. The property has more worth as a HMO but could not be let on this basis as a normal assured shorthold tenancy agreement. Buyers are advised to speak to our financial advisor or make their own enquiries prior to making any transactional decisions. Cash buyers and clients with funds reserved are welcome to contact us to preview the income statements and schedule of work and license by appointment, subject to financial qualification. Sensible offers are considered.
The HMO was earning £120 per week per room working out to a potential annual Gross income of £31,200 based on last years figures. The EPC is currently F but we are informed that the HMO licensing allows for the property to be let and the permitted development as the seller is responsible for the energy bills. The property has more worth as a HMO but could not be let on this basis as a normal assured shorthold tenancy agreement. Buyers are advised to speak to our financial advisor or make their own enquiries prior to making any transactional decisions. Cash buyers and clients with funds reserved are welcome to contact us to preview the income statements and schedule of work and license by appointment, subject to financial qualification. Sensible offers are considered.
