- 6 Bedroom licensed HMO +
- Currently grossing £34,059 +
- Gross yield of 11.74% +
- On street parking +
- 2 bathrooms +
- Fully established lettings history +
DESCRIPTION An excellent turnkey investment opportunity, Ermine Road is a well-maintained 5-bedroom licensed HMO, fully let this year to a group of working professionals.
The property has proven rental demand and generates a strong and stable income, with council tax included in the rent.
Rental Breakdown (inclusive of council tax):
- Room 1 - £129 per week / £559.00 pcm
- Room 3 - £127 per week / £550.33 pcm
- Room 4 - £135 per week / £585.00 pcm
- Room 5 - £132 per week / £572.00 pcm
- Room 6 - £132 per week / £572.00 pcm
Total Gross Monthly Income: £2,838.33
Total Gross Annual Income: £34,059.96
The property offers generous communal living areas, a modern kitchen, and well-sized bedrooms, making it particularly attractive to professional tenants.
Located in a popular residential area of Chester, Ermine Road benefits from excellent local amenities, public transport links, and proximity to the city centre. The University of Chester and Chester Business Park are within easy reach, as are supermarkets, local shops, cafes, and green spaces.
Whether you're looking to expand your portfolio or take your first step into HMO investment, this property represents a solid opportunity with established income and strong local demand