- High Yield +
- Fully tenanted HMO +
- 8 Bedrooms +
- Town Centre Location +
- Great Investment +
- License for 9 Occupants +
This exceptional 8-bedroom HMO property offers an outstanding investment opportunity with a license for 9 occupants, fully tenanted and generating a remarkable net yield of 8.32%. The property is located in a prime location, providing convenience and comfort for tenants and investors alike.
Property Details:
Bedrooms: 8 spacious bedrooms, each with its own ensuite bathroom.
Two of the largest bedrooms (1a+7) have the luxury of their own kitchenette.
Furnished: The property comes fully furnished, ready for immediate rental or occupancy.
Rent Breakdown (Current Tenancy):
Room 1: 570
Room 1a: 605
Room 2: 450
Room 3: 530
Room 4: 550
Room 5: 575
Room 6: 480
Room 7: 680
Total Monthly Rent: 4,440
Total Annual Rent: 53,280
Gross Yield: 10.15%
Net Yield: 8.32%
The property is fully tenanted with long-standing tenants who have all been fully checked and passed referencing, ensuring they are reliable professionals. There is potential to increase rents to market rates, offering a higher return.
Market Rent Breakdown (Potential):
Room 1: 650
Room 1a: 750
Room 2: 575
Room 3: 595
Room 4: 595
Room 5: 595
Room 6: 595
Room 7: 775
Total Monthly Rent: 5,130
Total Annual Rent: 61,560
Gross Yield: 11.73%
Net Yield: 9.90%
Shared Amenities:
Kitchen/Dining Area: A shared kitchen and dining area equipped with multiple white goods. Each tenant has their own fridge for added convenience.
Outdoor Space: Low-maintenance garden with rear access to the road, perfect for outdoor relaxation and easy entry and exit.
Location & Accessibility:
Prime Location: The property is situated within walking distance of the town centre, offering easy access to shops, restaurants, and entertainment options.
Transport Links: The train station is within walking distance, making it an ideal location for commuters.
Investment Highlights:
High Yield: Enjoy a net yield of 8.32% from this fully tenanted property with the potential to increase rental income.
License for 9 Occupants: Offers flexibility for maximizing rental income.
Current Bills (Annual Costs):
Broadband (Plusnet): 358.27
Council Tax: 2,014.00
Thames Water: 1,034.00
EON (Electricity & Gas): 3,587.27
Fire Alarm (6-monthly service): 547.32
Annual Extinguisher Test: 105.00
Insurance: 652.75
Annual Gas Check: 60.00
Cleaner: 1,210.76
Turnkey Investment:
Fully furnished and tenanted, making it an excellent opportunity for investors looking for a hassle-free investment.
Don t miss this chance to acquire a lucrative HMO property in a sought-after location with excellent potential for rental growth. Contact us today for more information and to arrange a viewing!