7 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Freehold
- HMO - 16% Gross Yield
- Seven Bedroom HMO
- Bedsits with Kitchenette
- Potential to Increase Rents
* 7 BEDROOM HMO * Bedsits with own kitchenette | 4 Bathrooms | 16% Gross Yield
The property is a terraced house consisting of a 7 bedsit HMO with 4 bathrooms, each bedsit has its own kitchenette.
HMO license & Sui Generis planning in place.
EPC rating C.
Currently only part tenanted at £325 per room pcm. Fully managed by a local agent and tenanting in process.
Annual income fully tenanted £27,300, giving a healthy 16% gross yield.
There is room to increase rents with a little refurbishment.
On entering the property on the ground floor there are 2 bedsits and a bathroom with access to the rear courtyard. On the first floor there are a further 2 bedsits and a further 2 bathrooms and finally on the second floor another 2 bedsits and another bathroom.
Bedsit 1 – 19.1sqm
Bedsit 2 – 15.8sqm
Bedsit 3 – 13.1sqm
Bedsit 4 – 22.6sqm
Bedsit 5 – 15.8sqm
Bedsit 6 – 22sqm
Bedsit 7 – 15.8sqm
Ideal investment property with a healthy yield.
Get in touch for more information or to arrange a viewing.
*Please verify these details through the conveyancing process
*All distances or travel times are based on Google Maps
* Please note a buyers fee of 1.5% + VAT
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Property reference 271274. 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 the Agents Network - Kemp House.
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Broadband availability and predicted speed: obtained from Ofcom on December 24, 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:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 24, 2021
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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 17, 2017 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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