5 bed semi-detached house for sale Sold/Delisted

About this property

A five bedroom HMO currently let to a group of tenants that are due to vacate early July. The rental potential of this home is superb due to its proximity to a university and major employers. The current tenancy ends August '23, allowing any potential investment buyer to significantly improve the yield. Currently, tenants are charged £2,350.00 excluding bills, which is below market value. The current yield at £375,000 is 7.52%. At a purchase price of £375,000 and rent per room at £625.00 per calendar month, an annual gross return reaches 10%. All bedrooms accommodate a double bed, and there is ample living/dining and kitchen space available. The garden is concrete and requires no maintenance, with off-street parking for two cars. Overall updating is required, but it is presented to an adequate standard. Multiple supermarkets, gyms, parks, shopping centres, and schools are within 1.0 mile. The property is also near a bus station (0.50 miles) and a hospital (0.90 miles).