TYPEResidential, House, Mixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th February 2021
We're pleased to present this excellent 4-bed HMO which is currently fully occupied post-refurbishment and ready to go for a new investor, with management in place too. The property is situated in a good residential area near local shops and is popular with NHS staff from the nearby King's Mill Hospital.
Accessed from the rear, the property has a downstairs utility room and separate shower room and then stairs up to the first floor where there are 3 bedrooms, a shower room and the modern kitchen - all of the rooms on this floor are rented out at £95 per week. The second floor has a larger en-suite room at £105 per week. The property also has allocated parking at the rear which increases popularity with tenants.
At £170,000, the property provides just under a 12% gross yield which makes it a great investment, especially with the local managing agent already onboard.
Room 1 - £95 per week / Room 2 - £95 per week
Room 3 - £95 per week / Room 4 - £105 per week
We are awaiting running costs from the current owner because the property has only just been renovated and the utilities are being set up