Investment Consideration:
Gross Initial Yield: 10.05%
Rental Income: £43,200 p.a.
VAT is NOT applicable to this property
Comprises end-of-terrace 5-bedroom HMO let to students (all rooms are en-suite)
Situated within 5 min walk from University of Buckingham and High Street.
Property Description:
The property comprises two-storey 5-bedroom HMO, entirely let to students. All rooms benefit from private en-suite and shared kitchen/living room, as well as communal garden at rear, providing the following accommodation and dimensions:
Ground Floor: 1 en-suite room, kitchen, living room
First Floor: 4 en-suite rooms
Total GIA: 91 sq m (980 sq ft)
Tenancy:
Room 1 is at present let to an Individual for a term of 9 months from 22nd January 2025 at a current rent of £9,000 p.a.
Room 2 is at present let to an Individual for a term of 12 months from 20th January 2025 at a current rent of £8,400 p.a.
Room 3 is at present let to an Individual for a term of 12 months from 20th January 2025 at a current rent of £8,400 p.a.
Room 4 is at present let to an Individual for a term of 9 months from 19th January 2025 at a current rent of £8,400 p.a.
Room 5 is at present let to an Individual for a term of 12 months from 23rd September 2024 at a current rent of £9,000 p.a.
Location:
Buckingham is a market town in north Buckinghamshire, England, close to the borders of Northamptonshire and Oxfordshire. Buckingham has a variety of restaurants and pubs, typical of a market town. It has a number of local shops, both national and independent. Market days are Tuesday and Saturday which take over Market Hill and the High Street cattle pens. The property is located within short walk from the High Street which occupies retailers such as WHSmith, Lloyds Bank, Barclays, Ladbrokes, Domino`s Pizza and many more.
Proximity to the University:
The property is situated 5-minute walk from the University of Buckingham.
