5 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- HMO Approved
- Recently Refurbished
- Gross Income £36,000 Per Annum
Introducing this fantastic Shipley based secure income producing investment opportunity.
This 5-bedroom HMO property located on Norwood Road in Shipley. Situated just 11 miles West of Leeds, and 2.6 miles North of Bradford. Just 2.5 North east of Bradford infirmary.
Guide Price £300,000 Plus
This spacious property boasts 5 en-suite bedrooms, plus a communal kitchen and lounge,
The property benefits from having had no voids in occupancy since its recent refurbishment.
The accommodation
The property is arranged over four floors:
Ground floor
From the front entrance the ground floor provides access to:
The front facing lounge sitting room with its Georgian style bay window.
The hallway leads to the fully equipped kitchen dinner
Basement Floor
The ground floor staircase(s) in turn provides access to
Bedroom 1 with ensuite bathroom
Bedroom 2 with ensuite bathroom
First floor
Bedroom 3 with ensuite bathroom
Bedroom 4 with ensuite bathroom
Second floor
Bedroom 5 with ensuite bathroom
Plus in addition the separate laundry room which benefits from offering shared communal use.
Externally
The property provides tenants with an enclosed Rear garden /relaxation area.
The Income
The Gross annualised rent reserved at £36,000 Per annum provides an ideal opportunity for a hassle free income generating investment.
Location
Situated in the heart of Shipley, this property offers easy access to nearby amenities and transport links.
Frizinghall Station, Shipley Station, and Saltaire Station are all within close proximity, making commuting a breeze.
Families will appreciate the proximity to Shipley CofE Primary School, High Crags Primary Leadership Academy, and Frizinghall Primary School, all of which are just a stone’s throw away.
The income deriving assets
The property is currently fully tenanted with tenancy agreements in place, generating a gross income of £36,000 per year.
Each room rents for £600 per month, inclusive of all bills,
Tenure : freehold. With vacant possession – subject to existing tenancies upon completion.
Council Tax band: B
EPC rating: D
The agents would advise Don’t miss out on this incredible opportunity to own a well-managed and profitable HMO property in Shipley.
Contact us today to arrange a viewing and secure your future investment!
BUYER’S PREMIUM
Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £4,000 + VAT upon exchange of the contract.
When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.
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*DISCLAIMER
Property reference 42NORWOODROAD. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Palace Auctions - South Shields.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on May 15, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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