House For Sale £169,950
Large 6 Bed Development HMO. RICS Value After HMO Conversion Is £267,500 With A £37,500 Rental Income.
This is an add value development opportunity.
Huge uplift in value after HMO Conversion.
Copy of RICS Val report available.
Recycle most of your capital when you re-mortgage after HMO conversion.
Development finance available for initial purchase.
No Planning Permission required as not in an Article 4 area.
HMO conversion
Carried out by our in house builders. Full schedule of works and costs are available.
Rental details
Gross rental yield £37,500 per annum as a 6 bed HMO.
Town centre location.
Hands off full Rental Management for 10% plus VAT.
Tenant profile. Working and aged over 25 years with Guarantor.
property description
Large property with accommodation set over three floors.
Property is in good condition.
6 double letting rooms in current format.
Large kitchen diner.
HMO conversion works will include;
New Fire doors/ fire alarm/ emergency lights.
New kitchen and bathroom. Kitchen moved to middle floor.
Dpc works as required
Four rooms can have en-suites for enhanced rental income.
This is an add value development opportunity.
Huge uplift in value after HMO Conversion.
Copy of RICS Val report available.
Recycle most of your capital when you re-mortgage after HMO conversion.
Development finance available for initial purchase.
No Planning Permission required as not in an Article 4 area.
HMO conversion
Carried out by our in house builders. Full schedule of works and costs are available.
Rental details
Gross rental yield £37,500 per annum as a 6 bed HMO.
Town centre location.
Hands off full Rental Management for 10% plus VAT.
Tenant profile. Working and aged over 25 years with Guarantor.
property description
Large property with accommodation set over three floors.
Property is in good condition.
6 double letting rooms in current format.
Large kitchen diner.
HMO conversion works will include;
New Fire doors/ fire alarm/ emergency lights.
New kitchen and bathroom. Kitchen moved to middle floor.
Dpc works as required
Four rooms can have en-suites for enhanced rental income.
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