House For Sale £525,000
This is an investment opportunity to purchase an HMO property in Poole generating £33,000 rent pa & gross yield of 6.3%.
Property information:
- Fully HMO licenced
- Spread over 3 floors
- 5 bedrooms
- 1 bedroom comes with ensuite shower room
- All other tenants share 2 bathrooms
- Shared lounge
- Shared kitchen
- Comes with a rear garden
- Comes with 2 parking spaces at the rear of the property
- The property has recently had some work done, see for details below
- EPC rating C
- Council tax band E
Refurbishment information:
- New glow worm boiler installed in August 2022, comes with 7-year parts and labor warranty. It is controlled remotely via hive smart home heating thermostat and control panel
- New Smart Cell fire control panel installed in July 2022
- The bathroom on the top floor was completely refurbished in July 2022
- New front and garden patios done in June 2022
- The property was fully redecorated in 2019 including new carpet
- New washing machine installed within the last 18 months
- New fridge around 3-4 years ago
Rental information:
- Room 1 - £500 pcm
- Room 2 - £500 pcm
- Room 3 - £500 pcm
- Room 4 - £700 pcm
- Room 5 - £550 pcm
- Monthly rental income: £2,750
- Annual rental income: £33,000
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £190 pcm
- Gas & electricity: £240 pcm
- Water: £120 pcm
- Broadband: £55 pcm
- Total cost pcm: £605
- Total cost pa: £7,260
Location information:
- The property is located close to the town centre of Poole
- The town centre is 0.5 miles from the property and can easily be reached on foot
- There is a bus stop a few doors down from the property with regular services
- Poole railway station is 0.7 miles from the property
- Local supermarkets are only a 5-10-minute walk away
- Poole Quay, Baiter Park and Poole Park are only 3-minutes from the property
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
Property information:
- Fully HMO licenced
- Spread over 3 floors
- 5 bedrooms
- 1 bedroom comes with ensuite shower room
- All other tenants share 2 bathrooms
- Shared lounge
- Shared kitchen
- Comes with a rear garden
- Comes with 2 parking spaces at the rear of the property
- The property has recently had some work done, see for details below
- EPC rating C
- Council tax band E
Refurbishment information:
- New glow worm boiler installed in August 2022, comes with 7-year parts and labor warranty. It is controlled remotely via hive smart home heating thermostat and control panel
- New Smart Cell fire control panel installed in July 2022
- The bathroom on the top floor was completely refurbished in July 2022
- New front and garden patios done in June 2022
- The property was fully redecorated in 2019 including new carpet
- New washing machine installed within the last 18 months
- New fridge around 3-4 years ago
Rental information:
- Room 1 - £500 pcm
- Room 2 - £500 pcm
- Room 3 - £500 pcm
- Room 4 - £700 pcm
- Room 5 - £550 pcm
- Monthly rental income: £2,750
- Annual rental income: £33,000
Running costs:
The vendor provided us with the following running costs of the property:
- Council tax: £190 pcm
- Gas & electricity: £240 pcm
- Water: £120 pcm
- Broadband: £55 pcm
- Total cost pcm: £605
- Total cost pa: £7,260
Location information:
- The property is located close to the town centre of Poole
- The town centre is 0.5 miles from the property and can easily be reached on foot
- There is a bus stop a few doors down from the property with regular services
- Poole railway station is 0.7 miles from the property
- Local supermarkets are only a 5-10-minute walk away
- Poole Quay, Baiter Park and Poole Park are only 3-minutes from the property
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.
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