9 Bed HMO, Swindon, SN2 1EX, £675,000

2a Ferndale Road, Swindon, SN2 1EX - 4 views - 5 months ago

Sold STC
HMO
ROI: 6%
~279 m²
+13 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Total Cash In

£211,450

 

 

Cash Out

 

Room Rate

£589

Gross Rent

£5,301

Running Costs/mo

£4,272

Cashflow/mo

£1,029

Cashflow/yr

£12,354

ROI

6%

Gross Yield

9%













Property History

Listed for £675,000

October 24, 2024

Sold for £203,000

2000

Floor Plans

Description

  • DETACHED DWELLING +
  • INVESTMENT OPPORTUNITY +
  • POTENTIAL HMO +
  • THREE KITCHENS +
  • UPTO NINE BEDROOMS +
  • SIX SHOWER/BATHROOMS +
  • ENCLOSE GARDENS +
  • DRIVEWAY PARKING +
  • NO CHAIN +

Positioned close to the excellent amenities in the popular residential area of Gorse Hill, and offering flexible accommodation is this detached property which is available with NO CHAIN.

Formally a care home and offered in excellent decorative condition the house makes for an ideal INVESTMENT opportunity with over 2850 sq ft and briefly comprising:

A two storey dwelling with:

A well-appointed kitchen with a range of base and eye level units and separate utility room. A reception room, two double bedrooms, one with en-suite shower room and a separate cloakroom. The ground floor is completed by a conservatory overlooking the walled, rear garden.

To the first floor is a one bedroom apartment with sitting/dining room, kitchen and shower room and a two bedroom apartment with sitting room and bathroom.

Attached is a single storey addition which currently provides four double bedrooms, two with en-suite shower rooms, one with en-suite cloakroom and an off-suite shower room. There is also a further kitchen/breakfast room. Whilst currently divided from the main building these two properties can easily be opened up.

Outside provides driveway parking for at least three vehicles to include a covered car port. The rear garden is laid to lawn, enclosed by brick walling and with a high degree of privacy from mature, evergreen trees. Gated access to Ferndale Road. More parking can be created into the garden area.

Council Tax Band F

Agent Details

The House Group, Covering The South West

01672 556194

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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