icons_size_white icons_size
menu

Agent's details

8-Bed HMO in Swindon Generating £48,720 PA

For sale: £450,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

Property details

FOR SALE£450,000.00
ADDRESS27 Milton Road, Swindon, Wiltshire, SN1 5JA
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON9th August 2021

Description

The Property Advantage is pleased to present this 8 bedroom HMO. This is a beautiful Victorian property and is well maintained in working condition. This is a unique investment opportunity, all 8 bedrooms include a private shower/ washbasin and a compact kitchenette, and 3 separate WC's. In addition, extra features include 200 Mbs Virgin Media broadband, also the property has off-street parking for 2 vehicles. The anticipated Gross Income is £48,720 per annum and the Gross Yield is 10.83%.

Situated in Swindon beside Faringdon park, the property benefits from a central town location. The Brunel shopping centre is 0.2 miles away (5 minute walk), where there are also local cafes and restaurants. It has fantastic transport links and is within 0.5 miles (10 minute walk) of Swindon Bus station and 0.7 miles of Swindon train station. Similarly, local amenities such as Tesco are easily accessible in 0.4 miles (8 minute walk).

Income; (Please note if the property was given a cosmetic upgrade then the rental income/annum could increase to £55,000. The vendor sought a quote for the proposed works estimated £15,000+VAT)

Room 1 - £480 / Room 2 - £450 / Room 3 - £480 / Room 4 - £520 /

Room 5 - £480 / Room 6 - £500 / Room 7 - £600 / Room 8 - £550

Total; £4,060 PCM / £48,720 PA

Expenditure;

Gas - £144 / Electric - £144 / Water - £80 / Council Tax - £147 /

Broadband - £50 / Cleaner - £50 / Management - £270

Total; £885 PCM / £10,620 PA

Gross Yield: 10.83%

Buyer Fee: 2.00% + VAT

Location

marker
Location: 27 Milton Road, Swindon, Wiltshire, SN1 5JA

Swindon (0.4 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here