5 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: 0.80 miles)

NEAR TRAIN STATION: NO (Dist: 1.20 miles)

NEAR BUS STATION: YES (Dist: 0.25 miles)

NEAR HOSPITAL: NO (Dist: 1.50 miles)

About this property

Discover this income-generating 5-bedroom HMO, offering an excellent opportunity for property investors or landlords seeking a reliable and lucrative rental income stream. This property features 5 double bedrooms, each with en-suite facilities, along with communal kitchen, lounge, and a generous garden. Currently fully let to 5 working professionals, generating £2,695 pcm (£32,340 per annum) with a yield of 10% and further rental growth potential. Located within 1.0 mile of multiple supermarkets, gyms, parks, shopping centres, and schools. Stable rental income since September 2021 with long-standing tenants and strong demand from professionals, contractors, and students in the area. Potential for rent increases with new tenants at a market rate of £560 per room. Located in an Article 4 area, ensuring limited future competition for new HMOs. Ideal for landlords looking to invest in a turnkey rental property. Guide Price: Offers over £320,000. EPC Rating 'C'. Council Tax Band 'A'. Tenure: Freehold.