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AGENT'S DETAILS


1 Cressy Yard, Old Courts Road, Brigg, Lincolnshire, DN20 8JD

For sale: £170,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£170,000.00
ADDRESS1 Cressy Yard, Old Courts Road, Brigg, Lincolnshire, DN20 8JD
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON11th March 2021

DESCRIPTION

A well presented HMO offering spacious first floor accommodation that includes six bedrooms with wash basins, a bathroom and a shower room, kitchen and living room.

The property has been successfully run as a HMO by the current owner with high occupancy and settled tenants, generating in the region of £510 - £520 per week.

The property is currently self-managed and the landlord has indicated that a 3-month handover period can be given to allow the buyer time to choose a managing agent.

Income
Currently, all of the six rooms are paying £85 per week and one room is due to be increased to £90. Based on the current figures an income of £26,520

Running cost information; Council Tax £127.00 pcm / Gas & Electricity £56.00 pcm / Water £59.00 pcm / Tv Licence £13.00 pcm / Internet £54.00 pcm / Parking £50.00 pcm

Features
6 Bed HMO

Fully Tenanted

Income £26,520 PA When Full

14.73% Gross Yield

HMO License in Place

Excellent Condition

2% + Vat Buyer's Fee

LOCATION

Location: 1 Cressy Yard, Old Courts Road, Brigg, Lincolnshire, DN20 8JD

Brigg (0.3 miles)

Barnetby (3.6 miles)

Kirton Lindsey (6.4 miles)

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