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AGENT'S DETAILS


Winsover Road, Spalding, Lincolnshire, PE11 1HE

For sale: £325,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£325,000.00
ADDRESSWinsover Road, Spalding, Lincolnshire, PE11 1HE
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th March 2021

DESCRIPTION

The Property Advantage are delighted to be presenting this Semi-detached 6 Bed, 4 Bathroom HMO property in Spalding. The property has recently been fully refurbished so is in very good working condition.

The property consists of an open plan Kitchen/ diner located at the heart of the property. There are four spacious double bedrooms on the ground floor with 2 En-suite shower rooms and one shared bathroom. Moving to the first floor there is two further large bedrooms and a shared bathroom just across the landing.

The property is well located in Spalding, where there are local amenities on the door step, a Londis is 0.2 miles away within a 5 minute walk, additionally there is Aldi within 0.3 miles. The transport links are very close by with regular running buses on routes. There is also Spalding train station within 0.5 miles of the property.

The property is over all very well connected HMO, within walking distance of all local amenities and is a good investment opportunity, expected to bring in £40,224 per annum.

Income;

Room 1 £602 / Room 2 £537 / Room 3 £537 / Room 4 £602

Room 5 £537 / Room 6 £537

Total; £3,352 PCM / £40,224 PA

Expenses;

Gas £100 / Electricity £100 / Water £50 / Council Tax £120 /

TV License £25 / Broadband £56 / Cleaner £60 / Management £300

Total; £811 PCM / £9,732 PA

Income
Income;

Room 1 £602 / Room 2 £537 / Room 3 £537 / Room 4 £602

Room 5 £537 / Room 6 £537

Total; £3,352 PCM / £40,224 PA

Expenses;

Gas £100 / Electricity £100 / Water £50 / Council Tax £120 /

TV License £25 / Broadband £56 / Cleaner £60 / Management £300

Total; £811 PCM / £9,732 PA

Features
Brand Newly Renovated

Well Located HMO

Good Transport Links

Total Income £40,224 PA

12.38% Gross Yield

2% + Vat Buyers Fee

LOCATION

Location: Winsover Road, Spalding, Lincolnshire, PE11 1HE

Spalding (0.4 miles)

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