Strategic Location: Situated adjacent to Faringdon Park and just a short walk from Swindon's bustling city centre and major amenities. +
Exceptional Income Potential: Generates an annual rental income of £81,948, offering a robust gross yield of approximately 11.38%. +
High Tenant Demand: Maintains a 99% occupancy rate, appealing predominantly to working professionals. +
Luxury Accommodations: Features 10 high-standard en-suite rooms, including a studio, each with modern fixtures and neutral decor. +
Substantial Investment: Over £300,000 invested in transforming the property from a former commercial space into a leading HMO. +
Excellent Facilities: Includes two well-equipped kitchens, guaranteed superfast broadband, and off-street parking for two vehicles. +
Seamless Transport Access: Exceptionally well-connected with Swindon Bus and Train Stations nearby, facilitating easy commutes. +
Ready-to-Manage Investment: The property is fully managed, with the option for transitional support to the new owner, ensuring a seamless handover. +
HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.
Milton Road in Swindon offers a remarkable investment opportunity, featuring a meticulously developed HMO with 10 en-suite bedrooms, including one studio. After purchasing the property in 2018, the current owners invested over £300,000 to transform this former commercial property into a modern, fully compliant HMO. The property boasts two well-equipped kitchens, modern neutral décor throughout, and practical additions like guaranteed superfast broadband and off-street parking for two vehicles.
Net Annual Income: £71,772.00 (calculated as Total Income - Total Expenditure)
Gross Yield: 11.38% (calculated as Annual Income / Asking Price)
The room rates and expenditure figures are based on current data. The property's financial performance indicates a gross yield of 11.38%, reflecting its potential as a valuable investment. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.
Agent Details
HMO Sales Expert, Bournemouth
01746 335360
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