4 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
THE PROPERTY
This freehold residential investment opportunity is a fully licensed HMO in an excellent location just minutes walk from Poole Quay, Baiter Park and Poole Park. Sainsburys & Aldi supermarkets are also walking distance (5-10 mins) as is Poole Railway station is a short walk (less than 1 mile).
For bus transport there are excellent links at Poole Bus Station (M1 + M2 buses in particular).
Overall accommodation is 5 bedrooms and 3 bathrooms in this three floor townhouse presented in excellent condition as a turnkey landlord friendly investment opportunity.
Buy it now and tuck it neatly into your existing portfolio.
INCOME
(Figures supplied by seller, please verify before commitment to purchase). A consistent and reliable +6% gross rental yield (+5% Net) Monthly rent is £2,750 (Potential to increase this by a further £175 per month with rent reviews). Annual income is usually between - £33,000 and £35,100.
OVERVIEW
5 x Tenants 6 month rolling tenancies. Average length of tenancy circa 18months. Annual costs - £7k (circa)
ACCOMMODATION On the outside both the rear and front of the property are fully paved for zero garden maintenance. Internally you will discover an up together property, including
• Hallway downstairs tiled throughout
• Kitchen has a new cooker and new washing machine and fridge.
• Glow worm boiler ( fitted in August 2022 7yr parts and labour warranty) controlled remotely with a HIVE smart home heating thermostat and control panel.
• Fire Control Panel (Smart Cell) with sounders, break call points and signage is all compliant with current regulation (fitted in July 2022 - cost circa £4,000 fitted)
• Stairs and landing hallways were all re-carpeted including new underlay throughout in 2019. Carpet is dark stripey and hardwearing.
• Bedrooms (x5) were all re-carpeted including new underlay throughout in 2019, matching carpet with stairs and landings. All bedrooms redecorated in 2019
• Communal areas throughout (hall, kitchen, landings and stairs) were decorated in 2019.
• Bedrooms are all good-sized doubles of comparable size. There is one ensuite bedroom (no.3)
• Shared bathrooms (x2). There is a small shower room, toilet and wash hand basin on the ground floor.
There is a larger walk-in shower, toilet and wash
hand basin on the top floor (this was
recently completely refurbished (July
2022).
OUTSIDE The property comes with 2x parking spaces situated at the rear of the house and paved rear garden/courtyard.
COUNCIL TAX - Band E
Places of interest
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*DISCLAIMER
Property reference BFL230417. 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 Frost & Co - Poole.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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 November 17, 2022 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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