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
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