Fully licensed HMO investment offering five letting units (four rooms plus a self-contained flat), sold fully occupied and producing £31,200 per annum, equating to an approx. 12.5% gross yield at the asking price of £250,000.

The property has benefited from recent improvements, including a new gas combi boiler, new carpets and full redecoration to all communal areas within the last 18 months, and refurbished rooms with new flooring, furniture and décor. All rents are inclusive of bills, with individual electricity sub-meters to each room. A rear courtyard garden completes the offering.

An excellent turn-key HMO investment with strong income and proven demand.

Description - An excellent opportunity to acquire a fully licensed and well-established HMO investment, situated within a popular residential area of Barnstaple. The property is arranged to provide four individual HMO rooms plus a self-contained top-floor flat, offering diversified income and strong, ongoing tenant demand.

The accommodation is laid out as follows:

Ground Floor: Two HMO bedrooms, a shared kitchen and a communal bathroom
First Floor: Two further HMO bedrooms and a separate WC
Second Floor: A well-presented self-contained flat comprising a hallway, bedroom, bathroom and an open-plan lounge/living/kitchen/dining area.

The property benefits from a current HMO licence and has recently had a new gas combi boiler installed, providing reassurance for an incoming purchaser.

Rental Income

The property is currently fully occupied, producing the following rents (all inclusive of bills):

Room 1 – £475 pcm

Room 2 – £500 pcm

Room 3 – £500 pcm

Room 4 – £550 pcm

Flat 5 – £575 pcm

Total gross income: £2,600 per calendar month / £31,200 per annum

Each room is fitted with its own electricity sub-meter, with tenants contributing towards their individual room usage. Gas, water and communal electricity are included within the rent and paid by the landlord, offering clarity and control over utility costs.

Yield & Investment Summary

Asking Price: £250,000

Gross Annual Income: £31,200

Gross Yield: Approximately 12.5%

This still represents a strong and attractive return, supported by full occupancy, compliant licensing and recent capital investment.

Condition & Recent Improvements

All communal areas, including the entrance hall, staircases and landings, have been fully redecorated within the last 18 months