Property description
An excellent 5 bedroomed registered HMO investment property being offered for sale as a going concern to include all landlords furnishings and with a tenancy already signed up for the 2015/16 academic year generating a weekly income of £340 showing a gross yield of 8.6% based on current rents and asking price, and providing an ideal opportunity to generate an instant income at a far higher yield than currently being received from traditional savings accounts. Being situated within approximately 400 yards of the upper High Street this fully renovated 5 Bedroomed HMO property has consistently appealed to students wanting a convenient location, and provides an excellent investment opportunity, with tenancies already signed for the 2015/16 academic year. The property which has the benefit of gas fired central heating and double glazing is located within less than 400 yards of the upper High Street and railway station and is therefore most conveniently located for all city amenities, and is presently laid out to provide fully licenced 4 storey accommodation.
Ground Floor
Entrance Hall
With double glazed entrance door and single radiator
Bedroom 1 - 12' 6'' x 10' 7'' (3.80m x 3.23m)
Having double glazed bay window to front, and single radiator.
Lounge - 12' 2'' x 10' 7'' (3.72m x 3.23m)
Double radiator, and double glazed sliding patio door. A door leads to a staircase going down to the lower ground floor and further door leads into:
Kitchen - 8' 3'' x 5' 7'' (2.52m x 1.71m)
Fitted with a matching range of modern base and eye level units with worktop space over. UPVC double glazed window to side, and single radiator.
Lower Ground Floor Hallway
With door leading into:
Bedroom 2 - 11' 3'' x 10' 11'' (3.43m x 3.32m)
UPVC double glazed window to rear, and single radiator. Door to:
Utility Room - 7' 3'' x 5' 1'' (2.20m x 1.54m)
Having single radiator, plumbing for washing machine and double glazed rear door.
First Floor Landing
Shower Room
Fitted with three piece suite, of shower cubicle, wash hand basin and wc. uPVC double glazed window to side, and single radiator.
Bedroom 3 - 12' 3'' x 7' 6'' (3.73m x 2.29m)
UPVC double glazed window to rear, and double radiator.
Bedroom 4 - 12' 6'' x 7' 6'' (3.80m x 2.29m)
With UPVC double glazed window to front, and double radiator.
Separate Toilet
With wash hand basin and wcAn enclosed staircase from the first floor landing leads up to:-
Second Floor Bedroom 5 - 13' 10'' x 11' 3'' (4.21m x 3.42m)
UPVC double glazed window to front, and single radiator.
Outside
The property has a small fore garden area to the front and further enclosed patio yard to the rear with single garage door access onto a rear service road.
Property Features :
- Excellent 5 Bedroomed HMO Property
- Convenient Location within 400 yards of Upper High Street
- Gas Fired Central Heating & Double Glazing
- Tenants Signed For 2015/16 Academic Year
- Gross Yield of 8.6% Based On Current Rents
Property Info: