4 bed terraced house for sale For sale

About this property

This excellent four double bedroom, furnished HMO is in a prime student location. This investment property has consistently provided secure and low-hassle income, with large growth in line with local values. The property offers guaranteed long term returns, with options to further add both capital and rental value. Currently tenanted for the 2024-25 academic year with a single joint AST agreement for four occupiers, it generates a rental income of £2,600 pcm / £31,200 pa, providing a gross yield in the first year of 7.8% against the asking price. The property has potential, subject to obtaining relevant consent, to have a fifth room added. Alternatively, rental return could be increased with aesthetic improvements. The property features a welcoming hallway, a capacious open plan living room, a spacious u-shaped kitchen fitted with necessary mod cons, and a well-equipped communal bathroom. Each of the four double bedrooms is furnished with ample storage, double beds, and practical workspaces. The property holds a full HMO license and retains the right of use as a C4 dwelling to fulfill local planning requirements. Additionally, it hosts solar panels that are owned outright. Multiple supermarkets, gyms, parks, shopping centres, and schools are within 1.0 mile, with a university located 0.50 miles away, a train station 0.80 miles away, and a bus station 0.30 miles away.