Potential HMO investment
We are delighted to offer this 4 bedroom house with bags of potential. Currently let as a family home this would make an excellent HMO for an investor looking to maximise their income
Robinson Drive is located in Easton a short walk from Old Market. It is situated in a quiet cul-de-sac and was built in the 1970's. It is a relatively central location, that would prove popular for HMO tenants lookking for a place to live at a good value rent.
The property is on three floors with living space on the ground floor and four bedrooms on the upper floors. The property has double glazing and gas central heating.
Reception 5.12m x 2.65m
A good sized room with laminate flooring. Ideal as a communal room for anyone looking to turn this into an HMO
Kitchen 4.40m x 2.65m
A fully fitted kitchen that needs a little updating in order to achieve the best possible rent
Bedroom1 4.65m x 3.30m
Currently set up as a second reception but is in reality the master bedroom
Bedroom 2 3.90m x 2.75m
At the rear of the building this is a good sized bedroom
Bedroom 3 4.66m x 2.75m
Good sized double bedroom currently used as the master bedroom
Bedroom 4 2.50m x 2.75m
Suitable as a letting room . Currently unused by the tenants
Bathroom 2.80m x 1.80m
Family bathroom with bath wc and sink
To the rear of the property is a hardstand with parking for one car . At the front is a small garden.
The property is currently let to a family for £800 pcm. This is significantly below the current market rent . Because the room sizes are relatively generous with no box room, this property lends itself to letting as an HMO. We would expect a rental of around £450 per room per month (Ex bills) once the property has been upgraded. This would of course be subject to obtaining approval from the relevant agencies. For anyone looking for a property with potential as an investment then this should certainly be on your radar.
If you are looking for a well priced central family home then this could be for you. With a little imagination and some improvements this could be a really good home for a family.
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