- Skilfully renovated townhouse +
- Five letting rooms +
- Student Investment Property +
- Potential parking at rear +
- Enclosed rear garden +
- Central Location +
- £33,000pa gross annual rent income (less bills) +
A skilfully developed townhouse providing five letting rooms over three storeys with separate communal sitting room and attractive fitted kitchen, two bath/shower rooms and enclosed south facing rear garden with potential parking, subject to consents. A fantastic opportunity to purchase an HMO investment property that has been the subject of well thought out renovation works in recent years, and now provides an excellent investment opportunity. The property will be let on a new Assured Shorthold Tenancy running from 01/07/2024 to 30/06/2025 generating £2,700 pcm (inclusive of gas, electricity, broadband, water, council tax (Band C) as two tenants will no longer be students there is a 100% council tax liability. We feel, going forward, that higher future rentals are certainly achievable.
With painted rendered elevations beneath a recently replaced pitched slate and flat roofs, this much improved three storey property has above average ceiling heights, some exposed wood floors and the original staircase. Warmed by gas fired central heating, this well run investment property benefits from low maintenance PVCu double glazing.
The front door opens to an entrance vestibule, housing electric fuse box, then onto the inner hallway with attractive exposed wooden floor boards providing both a practical and pleasing feature, with stairs rising to the first floor. The hallway continues to the rear of the property giving access to the ground floor rooms, one of which is currently used as a spacious double bedroom with bay window, feature fire place (not in working order) and exposed floor boards. To the rear of the property is a communal sitting room with PVCu double glazed window looking down the back garden towards the service lane. This is another good size room with feature (non-working) fire place with alcoves to either side and close fitted carpets. The kitchen is fitted with a range of wall and gloss grey finished base units with matching work tops over, sink with drainer and integrated appliances. PVCu double glazed doors gives access to the larger than expected south facing enclosed rear garden.
Bedroom three is situated at half landing level, with two further first floor double bedrooms and bathroom fitted with paneled bath with shower over, pedestal wash hand basin and WC along with deep cupboards. A superb loft conversion provides a double bedroom and separate shower room/WC at second floor level.
LOCATION
Penmere Hill is a highly convenient location positioned between the town and beaches with both Primary and Secondary schooling within a short walk away. Penmere Train Station is literally a 2 minute walk away providing access into both central Falmouth, Penryn where the Tremough University Campus is located and onto Truro where it connects with a National Rail network. Falmouth is often voted within the top 10 of the best towns to live in the whole of the UK having a wide range of amenities including a delightful golf course, the acclaimed National Maritime Museum, Ships & Castles Leisure Centre along with its many charming unique and independent shops and wide range of pubs, restaurants, cafes and bars. It is a colourful harbourside town boasting the third deepest natural harbour in the world which plays host to a multitude of national marine activity and sailing events and again this year is the host of the Tall Ships Regatta.