- NO FORWARD CHAIN +
- RICS residential Survey in Sept'24 at £355,000 +
- Rental Returns Presently £2850pcm +
- Newly Refurbished +
- Popular Southsea Location +
- Communal Garden +
- 4 Bed HMO with 100% occupancy rate +
- Well Presented Throughout +
- Sold as normal residence or HMO (licence renewed Feb'25) +
- 4 Bathrooms +
* NO FORWARD CHAIN*
4 double bedroom HMO with 4 bathrooms, communal reception, kitchen and courtyard after being freshly re-developed in the last 12 months, providing an active income of £2,850pcm in rental income, in the desirable area of Southsea.
RICS Residential Survey conducted in Sept '24 at value of £355,000
HMO Licence was obtained with in the last 12 months and renewed in Feb '25, with gas safe & electrical safe certificates in place.
Can easily be re-utilised as a family home if desired or architect and sign off for five bedroom (architect drawings provided FOC).
Room Rates - The property in over 12 months has had a 100% occupancy rate, with each room receiving £750, £650, £650 and £500 respectively (£2,600pcm or £31,200pa). Presently all occupied.
Note From The Vendor - The vendor is looking to sell due to opportunities abroad.
Note From The Agent - This is a modern and well laid out HMO with great returns and very little work work required, to provide a steady and decent rental income, in a high demand area, a great find.
Mortgages are in abundance, including as a HMO in Ltd Co or personal names, with approvabale mortgages at competitve rates.