House For Sale £400,000
Hortons are very pleased to present this very rare opportunity for sale, a fully tenanted, 5 bedroom, student HMO, presented in immaculate condition with an array of original period features and set in the extremely popular area of Clarendon Park / Knighton, Leicester. The property boasts five lettable rooms over 3 floors and is currently fully tenanted with tenants also secured for the 24/25 academic year.
Tenants are currently paying £105 pppw (excluding bills), and we have secured £110 pppw for the next academic year on a 52 week contract.
The location is a very highly sought after area with an extremely strong rental demand whilst also proving strong with capital appreciation. In the last 5 years, the area has increased in capital appreciation by circa 25%, despite market conditions over the last few years (covid 19, brexit, mortgage rate rises etc).
This opportunity present a gross yield in excess of 7% and a ROI in excess of 9% (based on a 75% LTV BTL-interest only mortgage.
Tenants are currently paying £105 pppw (excluding bills), and we have secured £110 pppw for the next academic year on a 52 week contract.
The location is a very highly sought after area with an extremely strong rental demand whilst also proving strong with capital appreciation. In the last 5 years, the area has increased in capital appreciation by circa 25%, despite market conditions over the last few years (covid 19, brexit, mortgage rate rises etc).
This opportunity present a gross yield in excess of 7% and a ROI in excess of 9% (based on a 75% LTV BTL-interest only mortgage.
