- Price: £450000
- Amenities:
- 5 Bedrooms
- 2 Bathrooms
- 1 Living Rooms
The Details
- Council tax band: C
Coapt are delighted to present to market this wonderfully secure Investment property. With tenancy agreements in place covering through to Summer 2027, £73,000 of rental income is assured for the first two years, subject to the purchase completion date. Furthermore, the property holds a present EPC rating of C, ensuring the site is future proofed against changing legislation, and the pending increase in minimum efficiency standards for rental dwellings.
Residing in a popular student area, the house has consistently let to sharers year on year, and at consistently improved rents, in-line with market growth. The property has been well looked after over time by the vendor, with modern fixtures and fittings ensuring low hassle management for a new owner, and lovely living conditions for tenants.
As evidence of the property's excellent status and performance in the rental market, as well as a current tenancy in place for the present academic year, the property already has a subsequent let agreed for the 2026-27 academic year, meaning 22 months of guaranteed income (at time of writing). The present tenancy returns a monthly rental of £2,838 rising to £3,250 for the second let agreed.
As well as offering immediate and definitive security on investment, the site holds options for future development if desired, to increase both rental and capital value for future years. The property has previously held a license for 6 occupiers, and with the reinstatement of a single stud wall on the ground floor, the property holds potential, subject to licensing, to let to 6 sharers once again.
Disclaimer: Coapt Ltd make every effort to ensure the accuracy of advertised information, but are often reliant on third parties to acquire this. Where any details contained on this listing are of priority to you we advise speaking to one of our agents to confirm formal details, and also referring to and reading any tenancy agreement issued in relation to this property. Any tenancy agreement entered into is subject to contract, and the terms of this contract only. Some properties are marketed with bedding/furnishings that are not included when you move-in. Where locks are visible on bedroom doors, this does not guarantee the lock is functional or that keys are provided by the Landlord. Please speak to one of our team should you have any questions, Please note that bedding and other property dressing may be shown in marketing images, but these items are not included as part of the property. For formal confirmation on the provisions of the property, such as furniture items, if listed as furnished, please do speak to one of our agents. Some of our photos may have been amended by AI.
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- Call us: 01273 645797
- Email us: enquiries@coapt.co.uk
We are members of The Property Ombudsman and the National Landlords Association
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