4 bed property for sale For sale

Address: ************

More information

Council tax band: A

Auction: No

Market Status: For sale

Schools: ************

Transport: ************

HMO Status: Existing HMO

NEAR UNIVERSITY: YES (Dist: 0.10 miles)

NEAR TRAIN STATION: NO (Dist: 1.50 miles)

NEAR BUS STATION: YES (Dist: 0.50 miles)

NEAR HOSPITAL: NO (Dist: 1.20 miles)

About this property

Price: £250,000. Vacant 4-Bedroom HMO and Ground Floor Shop Let at £800 pcm. This investment opportunity combines a ground-floor commercial unit with a spacious 4-bedroom HMO on the first floor. The shop is already let at £800 per month, and the HMO offers strong rental potential for student tenants, with all bedrooms fully furnished. Key Features: 4 Fully Furnished Bedrooms (First Floor) ideal for student tenants, ready for immediate letting; Spacious Lounge perfect for communal living and socializing; Ground Floor Commercial Unit currently let at £800 pcm, providing immediate rental income; Rental Potential: Potential Rent for HMO: £95 per week per room; Potential Annual Income from HMO: £18,240 based on a 48-week contract; Current Income from Shop: £9,600 per year; Total Potential Annual Income: £27,840. Yield Potential: With a sale price of £250,000, the property offers a potential yield of 11.14%. Located near multiple supermarkets, bus station, and just a short distance from the university.