- Investment Property +
- 10 bedroom HMO, all with ensuites +
- Current annual income £85,044 +
- Current return of 11.33% with the opportunity to increase +
- Offered in really good order throughout +
- Central Town Centre location +
- Buyers fee of 1.5% plus VAT +
CALLING INVESTORS - This one is for you!
House Group are delighted to offer to the market this fantastic ten bedroom HMO in the heart of Swindon's town centre - a prime location for HMO investors this property enjoys a 99% occupancy rate and a 11.33% gross yield.
The mid-terrace provides ten double bedroom, all with ensuite shower rooms, spread across four floors with the benefit of two well-appointed kitchens - all has been maintained to a high standard throughout. Room 1 is a studio.
Purchased in 2018 the owners have fully developed what was a tired commercial building into a well loved home for tenants which has been thoughtfully designed to allow maximum bedroom sizes with a modern neutral décor throughout.
The property is self- managed by the current owners and has been particularly well maintained.
Currently generating an income of £7,087 per calendar month / £85,044 per annum. The investment has always performed well with high demand and long standing tenants over 4 years and boasting an excellent occupancy rate of 99%. Based on current income the property offers a 11.33% gross yield. Full rental financials and expenditure are available upon request.
There are two parking spaces to the rear and there is the option for tenants to purchase a "reduced annual season ticket" at the Bristol Street Car park which is within a short walking distance of the property.
Situated in the town centre of Swindon and beside Faringdon Road Park, The Brunel shopping centre is 0.2 miles away (5-minute walk), where there are also local cafes and restaurants. It has fantastic transport
links and is within a 10-minute walk of Swindon Bus station and Swindon train station. Similarly, local amenities such as Tesco are easily accessible in 0.4 miles (8-minute walk).
An excellent investment opportunity for new or seasoned investors to add to their portfolio!