- 4 Bedroom HMO Investment +
- Chain Free +
- Anticipated Rent - £24,150 pa +
- EPC E +
- 2 Reception Rooms & kitchen +
- 4 Bedrooms +
- 2 Bathrooms +
- Being Sold with Vacant Posessions +
- expected yield - 12.7% +
Freehold HMO Investment Opportunity
FHP Living are delighted to offer this HMO investment opportunity in the town of Swadlincote, South Derbyshire The property has a long standing previous use as a HMO with a local charity making for a suitable property either to local housing association or young professionals.
The property consists of 2 reception rooms, a kitchen and 4 double bedrooms with 2 bathrooms & a basement. To the rear of the property, there is a garage and large garden. The property has scope for cosmetic improvements throughout with possible further development works to the rear.
The frontage of the property exits directly onto the street.
The property will be sold with Vacant possession once the current operator has re-housed their occupants. We estimate a current rental of between £500 - £550 pcm per room providing an approximate rent of £24,150 pa
Asking Price - £190,000
ERV - £24,150 pa inc bills
anticipated Gross Yield -12.7%
Council Tax Band A
Local Authority - South Derbyshire