Tenure: Freehold
** Investment Opportunity ** HMO Offering Five Rooms ** High Yield Income **
A traditional mid terrace home having undergone a programme of refurbishment to create a five room HMO, being sold as an ongoing let property with a full occupancy the annual income is £27,000 excluding bills.
The interior accommodation is finished to a high standard with the the communal kitchen diner offering a selection of gloss finished wall and base units, built-in oven and hob with freestanding appliance spaces, back door to the rear garden. The ground floor has the first room on the front elevation of the property with its own en-suite shower room, room two on the rear aspect of the home, again with en-suite shower room. The first floor has three further rooms, the larger room on the front has an en-suite shower room and rooms 4 & 5 share a shower room off the landing area. The shower rooms are fitted with white suites offering shower enclosures, WC and hand wash basins. Outside is a rear garden with private gated access to the the front of the home. Landlords Only.
The income generated and displayed is correct at the time of writing this and subject to change. (excluding bills)
Room 1 - one tenant paying £450pcm
Room 2 - one tenant paying £400pcm
Room 3 - two tenants paying £550pcm
Room 4 - one tenant paying £400pcm
Room 5 - one tenant paying £450pcm
The home has been used as a HMO with assured shorthold tenancy agreements, with the current owners having a HMO licence in place with the local authority, therefore proving deemed consent as a HMO for the purpose of article 4. The new owners will have to apply for the HMO licence in their names, but are able to provide evidence for deemed consent for the process.
Images taken before full occupation of the home, the home is currently fully occupied, therefore an internal viewing is essential for a proposed buyer to satisfy themselves as to the internal condition before purchase. The images alone cannot be relied upon.
Draft details awaiting vendor approval and subject to change.