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No longer on the market

This property is no longer on the market

5 bedroom block of apartments

Block of apartments
5 beds
2 baths
Added > 14 days
Just mortgages

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Fully Licensed HMO
  • 5 Letting Rooms
  • Shared Kitchen & Bathrooms
  • £23,400 Per Annum *
  • 11.7% Yield *
  • Transition Period Available
AMAZING INVESTMENT Rare fully licensed HMO providing a yield 11.7%!. Walking distance to all amenities including train station and wind farm bases. Incredibly well run with transition period and advice offered by current owner. All potential clients are advised to do their research prior to arranging viewings as the HMO market and regulations differ from the standard AST investment markets, the returns on HMO properties are incredibly high and when well run, like this home make an incredible addition to any portfolio. Call today for further information.

Rooms

Entrance Hall
With radiator, staircase to the first floor, under stair storage cupboard, built-in cloaks cupboard, access to roof void, built-in linen cupboard.

Bedroom 1 16'2" x 12'6" (4.93m x 3.81m)
With large sealed unit double glazed bay window, carpet, tiled fireplace with raised hearth & mantel, picture rail.

Bedroom 2 12'11" x 10'9" (3.94m x 3.28m)
With radiator, carpet, sealed unit double glazed window, tiled fireplace with raised hearth & mantel, picture rail.

Day Room 12'0" x 10'0" (3.66m x 3.05m)
With carpet, radiator, sealed unit double glazed window, power points.

Shared Kitchen 10'2" x 7'1" (3.1m x 2.16m)
With a single drainer sink unit H&C, cupboards beneath, work surfaces to side with plumbing for washing machine, 2 further work surfaces with cupboards & drawers, wall mounted cabinets, vinyl floor, sealed unit double glazed window.

Cloakroom
With a low level WC, wash basin H&C.

Rear Lobby
With rear entrance door.

Shared Shower Room
With tiled shower cubicle, pedestal wash basin, low level WC, ceramic wall tiling, sealed unit double glazed windows.

Full Landing
With carpet, radiator, sealed unit double glazed window.

Bedroom 3 17'1" x 16'0" (5.21m x 4.88m)
With a sealed unit double glazed bay window, radiator, carpet, alcove storage cupboard, power points, picture rail.

Bedroom 4 12'11" x 10'6" (3.94m x 3.2m)
With a sealed unit double glazed window, radiator, picture rail, power points.

Bedroom 5 12'10" x 10'0" (3.91m x 3.05m)
With carpet, radiator, sealed unit double glazed window, power points.

Shared Bathroom
With a shower set over a panelled bath, pedestal wash basin, tiled splash backs, sealed unit double glazed window, radiator.

Shared Separate WC
With a low level suite.

Outside
To the rear: There is a good size, enclosed communal lawned rear garden with garden shed, borders shrubs & flowers, space for bike storage (at owners risk) brick wall screen, gate opening to a rear service road.

Agents Note
The property is a fully licensed and incredibly well run HMO, the majority of the rooms let are to full time working contractors. Income generated from the 5 rooms is £23,400* per annum. Clients are advised to do their research prior to arranging any viewings, as even though the yields are fantastic, there is somewhat more a landlord has to provide in terms of compliance. If arranging finance it will be necessary to us to arrange a telephone appointment with our independent mortgage broker (free of charge) to ensure all clients are aware of the different criteria's involved. * Yields and Income quoted is based on all rooms being let 52 weeks of the year

Disclaimer
Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above. Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

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About this agent

Howards Estate Agents - Lowestoft
Howards Estate Agents - Lowestoft
164-166 London Road North Lowestoft, Suffolk NR32 1HB
01502 392921
Full profileProperty listings
Lowestoft is the most easterly town in the United Kingdom and enjoys a reasonable level of tourism in the summer months with a large number of local tourist attractions including Pleasurewood Hills, Africa Alive and Somerleyton Hall and Gardens. The nearest city to Lowestoft is Norwich which is approximately 30 miles inland and is linked to it by road and rail. It’s also the home of our nearest airport, Norwich International. London is a little over 100 miles away.
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