Located on the sought-after City Road in Dunkirk, this well-maintained 4-bedroom HMO is a prime investment opportunity, particularly appealing to students due to its proximity to the university and excellent transport links. The property has been consistently rented out back-to-back, generating a strong and reliable rental income.
With a healthy yield of 8.5%, this property is currently let until July 2025, providing immediate and secure returns. The annual rental income for this period is £25,028, ensuring a hassle-free investment for the new owner.
Inside, the property offers four spacious bedrooms, a shared bathroom, and a well-equipped kitchen and living area. City Road is extremely popular with students, guaranteeing a high level of demand and minimal vacancy periods.
Although no planning permission has been applied for or granted, the current owner has had plans drawn up for a potential extension into the loft space, allowing for two additional bedrooms and an extra bathroom. This presents a fantastic opportunity to increase the rental income and further elevate the property's yield.