House For Sale £725,000
An exciting investment opportunity consisting of a five bedroom HMO property sold with no onward chain and tenants in situ located on this popular side road just off Morrell Avenue.
With a valid HMO licence in place for up to five occupants the property is currently let with tenants in situ until 30 August 2023 on an assured short hold tenancy at £38,400 per annum equating to a gross yield of 5.4%. A new tenancy has also been agreed for the next academic year at £42,000 which would increase the gross yield to 5.8%.
The extended accommodation comprises five letting rooms, a light and airy open plan kitchen/reception room, modern bathroom, shower room and an additional WC. To the rear is an enclosed garden which is predominantly laid to lawn with a path to the end and side access to the front where there is off road parking for up to two vehicles.
Parsons Place is a quiet side road located off Morrell Avenue to the east of the city centre and is within a mile of Magdalen Bridge and the High Street. There is excellent access to the London/airport coach stop in St. Clements Street and the open space of South Park is less than 500m from the property.
With a valid HMO licence in place for up to five occupants the property is currently let with tenants in situ until 30 August 2023 on an assured short hold tenancy at £38,400 per annum equating to a gross yield of 5.4%. A new tenancy has also been agreed for the next academic year at £42,000 which would increase the gross yield to 5.8%.
The extended accommodation comprises five letting rooms, a light and airy open plan kitchen/reception room, modern bathroom, shower room and an additional WC. To the rear is an enclosed garden which is predominantly laid to lawn with a path to the end and side access to the front where there is off road parking for up to two vehicles.
Parsons Place is a quiet side road located off Morrell Avenue to the east of the city centre and is within a mile of Magdalen Bridge and the High Street. There is excellent access to the London/airport coach stop in St. Clements Street and the open space of South Park is less than 500m from the property.
