- 5 bedroom HMO +
- Fantastic investment 7.8% gross yield +
- Long HMO rental history +
- Licencing and C4 planning in place +
- Property in great condition +
- Sought after area +
- 2 en-suite rooms +
- 2 separate kitchens +
- Separate living area +
- Driveway for 2 cars +
Great investment opportunity to own this 5 bedroom HMO in a sought after area
The owner has kept the property in great condition throughout the years, carrying out renovations and improvements
All licencing and C4 planning in place
Two of the rooms come with en-suite bathrooms, there is also potential to extend the property into a six bedroom HMO SSTP
The additional amenities and space provided in the two kitchens has proven to attract the professional tenants to have longer tenancies (2-3 years) and helping to reduce void periods.
Drive way - providing two off-road parking spaces
Secure bike store that is large enough for each of the five tenants to keep a bike away behind secure gated access.
External security lighting
Rear garden benefits from a good orientation
Dimmable downlighting in all the bedrooms
Long rental history
Rental income of £2490 pcm - (£29,880 per annum) inclusive of bills (Council Tax, insurance, Broadband, duel fuel, TV license, water rates = £702.18 pcm)
Rental income does have the potential to be increased.
Proposed rental increase to £2620 pcm - (£31,440 per annum) from 1st October
7.8% gross yield