Residential development for sale
Property description & features
- Tenure: Freehold
The property has a 3 year track record as a short term let and makes income of £30,000 net of fees from portals (booking/airbnb). This represents a 12% yield net of booking fees.
The property is near the City Centre, university, beaches, sports stadium and beaches. The area lends itself to HMOs, residential homes, student accommodation and short term lets due to the proximity to such amenities.
The property previously had an HMO (license lapsed) but there is also opportunity to split title, refurbish or use for student accommodation etc.
Why Swansea?
Wales' 2nd City with large employers such as Amazon increasing housing demands; University City with demand for student accommodation and visiting families Swansea Arena attracts multiple visitors for concerts, shows and gigs; Mumbles and Gower areas have beautiful beaches and thriving tourist industry.
Property information from this agent
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Broadband availability and predicted speed
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
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 31, 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
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