This property is no longer on the market
5 bedroom semi-detached house
Key information
Property description & features
- Tenure: Freehold
- HMO OPPORTUNITY - Close To Wolverhampton City Centre
- Eight Bedsits & Three Kitchen Areas
- Three Bath/Shower Rooms - Set Over Three Floors
- Rental Income In Excess Of £20,000 For Each Room £80 Per Week
- Local Amenities Within Easy Reach
- EPC=D
Adapted as an SEVEN/EIGHT BEDSIT HMO, with vendor stating all necessary regulations have been met. Off-road parking is available to the properties frontage and an enclosed garden to rear. Ideally located to Wolverhampton City Centre with excellent transport links only a short walk away.
The properties owner has managed this property as a House Of Multiple Occupancy for some years and has made us aware that he has achieved a rental income of over £25,000 per annum when fully let, with each bedsit renting at £90 per week in its years. The ground floor comprises of three bedsits, kitchen and shower room with access to cellar.
First floor offers three further bedsits, kitchen, bathroom and separate w.c. whilst the second floor offers two further bedsits , a separate kitchen area and bathroom.
The HMO license is valid with Wolverhampton City Council until November 2023, however any interested party will need to make their own enquires.
For Sale by Modern Method of Auction, Starting Bid £385,000 plus Reservation Fee.
This extensive property represents a fantastic opportunity for the HMO investor. Adapted as an SEVEN/EIGHT BEDSIT HMO, with vendor stating all necessary regulations have been met. Off-road parking is available to the properties frontage and an enclosed garden to rear. Ideally located to Wolverhampton City Centre with excellent transport links only a short walk away.
The properties owner has managed this property as a House Of Multiple Occupancy for some years and has made us aware that he has achieved a rental income of over £25,000 per annum when fully let, with each bedsit renting at £90 per week in its years. The ground floor comprises of three bedsits, kitchen and shower room with access to cellar.
First floor offers three further bedsits, kitchen, bathroom and separate w.c. whilst the second floor offers two further bedsits , a separate kitchen area and bathroom.
The HMO license is valid with Wolverhampton City Council until November 2023, however any interested party will need to make their own enquires.
This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.
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