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AGENT'S DETAILS


1 Victoria Avenue, Chard, Somerset, TA20 1HE

For sale: £500,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£500,000.00
ADDRESS1 Victoria Avenue, Chard, Somerset, TA20 1HE
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREBusiness for sale, Investment Opportunity, For Sale Freehold
POSTED ON31st March 2021

DESCRIPTION

The Property Advantage are delighted to present this detached, beautiful Victorian HMO property in Chard, Somerset. Offering spacious accommodation it is spread over three floors. It boasts 9 Bedrooms, 1 en-suite, 2 shared bathrooms and a shared kitchen/diner.

This established HMO property offers good quality living for their tenants. The property has been maintained to a high standard with rooms 6, 7 and 9 recently being re decorated in summer 2020 which have since been re- tenanted. The property is well located in the heart of Chard and is within a 5 minute walk to local amenities including Tesco Superstore, Lidl and Chard hospital. Achieving a yield of 11.80% with an income of £59,019 per annum at full occupancy this is a great property for investors.

Income;

Room 1 £563.33 / Room 2 £563.33 / Room 3 £411.66 / Room 4 £411.66 / Room 5 £563.33

Room 6 £5633.33 / Room 7 £563.33 / Room 8 £563.33 / Room 9 £563.33

Total; £4,918.30 PCM / £59,019.60 PA

Expenditure;

Gas £203 / Electric £203 / Water £66 / Council Tax £235 /

TV License £- / Broadband £40 / Cleaner £69 / Management £-

Total; £816 PCM / £9,792

Income
Income;

Room 1 £563.33 / Room 2 £563.33 / Room 3 £411.66 / Room 4 £411.66 / Room 5 £563.33

Room 6 £5633.33 / Room 7 £563.33 / Room 8 £563.33 / Room 9 £563.33

Total; £4,918.30 PCM / £59,019.60 PA

Expenditure;

Gas £203 / Electric £203 / Water £66 / Council Tax £235 /

TV License £- / Broadband £40 / Cleaner £69 / Management £-

Total; £816 PCM / £9,792

Features
Three Storey 9 Bed HMO

Close To Amenities And Hospital

Fully Licensed and Compliant

11.80% Gross Yield

£59,019 Per Annum

2% + VAT Buyers Fee Applies

LOCATION

Location: 1 Victoria Avenue, Chard, Somerset, TA20 1HE

Feniton (5.0 miles)

Axminster (7.0 miles)

Crewkerne (7.7 miles)

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