- 6 Bedroom HMO
- Buy to Let Investment
- Student AST in place until summer 2022
- Gross rental income of £40,560 per annum
- £2,760 per annum bills allowance in AST
- 7.3% gross rental yield
- Perfect student location
- Guide price: £550,000 - £575,000
Fantastic investment opportunity. This 6 bedroom HMO on Redvers road has traditionally always been let to student tenants, on account of its close proximity to both universities, travel links and local amenities.
In such a prime rental location, the property represents a solid investment, with the opportunity to further improve returns if modernized, Though in its present condition, the house lets comfortably and produces £40,560 gross rental per annum, giving an excellent yield. The current rental contract runs until summer 2022, and allows for £2,760 per annum in utility bills for the tenants.
On the ground floor of this terraced property is the first two, large double bedrooms at the front. As with all the bedrooms in the property, these are furnished and supplied with double beds, wardrobes, a desk and chair. To the rear of the ground floor is the huge communal living space, comprising of a spacious living room leading to the kitchen at the back of the property. From this living space there is access to both the main rear garden, as well as secondary side garden, perfect for secure outside storage of bikes or waste items.
The first floor of the property hosts two further bedrooms, as well as two bathrooms, one with a shower cubicle, and the other a shower over the bath. Above this, the loft has been converted to make the sixth double bedroom. Cleverly engineered to maximize the size of the rooms, this property is one of the few six bed HMOs in the property that can truly boast all double, and largely equal bedroom sizes.
With a guide price of £550,000 - £575,000, this property will gather a lot of investment buyer interest.
- Convenience Stores
- Off Licenses
- Night Clubs
- Post Offices
- Train Stations
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