- 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. +
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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.
Income Breakdown (Monthly):
Room 1: £855.00
Room 2: £690.00
Room 3: £735.00
Room 4: £699.00
Room 5: £640.00
Room 6: £700.00
Room 7: £630.00
Room 8: £720.00
Room 9: £575.00
Room 10: £585.00
Total Monthly Income: £6,829.00
Annual Income: £81,948.00
Expenditure Breakdown (Monthly):
Light/Power/Heating/Water: £440.00
Council Tax: £257.00
TV/Media/Internet/Telephone: £81.00
Cleaner: £70.00
Management: £0.00 (not listed)
Total Monthly Expenditure: £848.00
Annual Expenditure: £10,176.00
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.
