Milner Rd,

The Details

Floorplans Fees apply: Our fees Council tax band: C Property ref: 11786017

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• Investment opportunity
• 4 Bedroom HMO
• Freehold
• Student tenancy until Summer 2023
• £26,616 PA current gross rental
• 6.3% gross yield PA
• Converted loft
• Continued C4 usage
• New Boiler fitted 2022
• Asking £425,000

A Buy-To-Let investment opportunity that offers immediate return on investment, and hassle free management due to its great condition, but with options to add value if desired.

Situated in a student HMO hot bed, this well sized 4 bedroom HMO has consistently thrived in rental to sharers. Boasting the same convenient proximity to both universities and amenities as other HMOs in the area, this property also benefits from a well designed loft conversion, maximising the available space, creating all large double rooms, and one with En-suite.

Currently returning £26,616 PA gross rental on a student tenancy until summer 2023, there is immediate cash flow for the buyer. The property is in very good structural and decorative order, meaning low hassle and little expense for several years to come. Though with a growing and improving rental market, and some scope for modernising the aesthetic, there are great options to add value to this Freehold house. Rental income would be expected to grow here, in line with market conditions, without need for investment.

Further benefiting from a new boiler fitted this year, and the potential to add a 5th bedroom with a rear dormer this investment would suit both experienced, or new Landlords.