This licensed six bedroom HMO would make a good addition to any portfolio. The property was refurbished to a high standard in 2020 and is currently fully let generating an income of £38,700 per annum. This equates to a gross return of almost 13% based on the guide price All tenants are working and the seller has advised us they rarely have voids. Four of the six rooms have their own ensuite shower room/bathroom while the other two share a bathroom. There is a communal modern kitchen, dining area and lounge. Externally, there is a large rear garden, driveway to side, and if the new owner wishes to invest further they might look to develop the rear into additional parking.

Ground Floor

Communal lounge, kitchen, three bedrooms, shower room and bathroom.

First Floor

Landing, three bedrooms, two shower rooms and house bathroom.

Externally

Gardens to front and rear and driveway.

ADDITIONAL INFORMATION

Council Tax Band

Band C.

Tenure

Freehold.

Charges & Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.