House For Sale £550,000
The Property Advantage is delighted to present this 6 bed HMO fresh to market, situated in the desirable location of Farnborough with excellent transport links and close proximity to shops and amenities. The Gross Income is £43,560 pa and the Gross Yield is 7.92%.
Benefiting from off-street parking for multiple vehicles to the front, the HMO comprises of an entrance hall with downstairs W/C, integral storage, landlord cabinet, 2 bedrooms situated on the ground floor, Open plan 'L' shaped living/dining/kitchen area with sliding doors on to a quiet rear garden. The first floor contains the remainder of the bedrooms. All bedrooms are doubles and all come with a private en-suite.
The current vendors have an agreement for a cleaner to come in once a week and a handy man on call which is factored into the costs. The property is located 2.9 miles from Farnborough Airport, 1.2 miles from Princes Mead shopping centre, 2.2 miles from Frimley Park Hospital, 2.1 miles from Farnborough Business Park, 0.6 miles from Farnborough North Train Station and 0.3 miles from the M3 access.
Income;
Room 1 - £652 / Room 2 - £588 / Room 3 - £620 /
Room 4 - £530 / Room 5 - £620 / Room 6 - £620
Total; £3,630 pcm / £43,560 pa
Expenditure;
Gas & Electric - £161.88 / Rates & Water - £240.08 /
TV & Broadband - £49.50 / Cleaner - £142.50
Total; £593.96 pcm / £7,127.52 pa
Benefiting from off-street parking for multiple vehicles to the front, the HMO comprises of an entrance hall with downstairs W/C, integral storage, landlord cabinet, 2 bedrooms situated on the ground floor, Open plan 'L' shaped living/dining/kitchen area with sliding doors on to a quiet rear garden. The first floor contains the remainder of the bedrooms. All bedrooms are doubles and all come with a private en-suite.
The current vendors have an agreement for a cleaner to come in once a week and a handy man on call which is factored into the costs. The property is located 2.9 miles from Farnborough Airport, 1.2 miles from Princes Mead shopping centre, 2.2 miles from Frimley Park Hospital, 2.1 miles from Farnborough Business Park, 0.6 miles from Farnborough North Train Station and 0.3 miles from the M3 access.
Income;
Room 1 - £652 / Room 2 - £588 / Room 3 - £620 /
Room 4 - £530 / Room 5 - £620 / Room 6 - £620
Total; £3,630 pcm / £43,560 pa
Expenditure;
Gas & Electric - £161.88 / Rates & Water - £240.08 /
TV & Broadband - £49.50 / Cleaner - £142.50
Total; £593.96 pcm / £7,127.52 pa
