INVESTMENT OPPORTUNITY – FULLY OCCUPIED FOUR-BEDROOM HMOSituated on New Road in the popular residential area of Rhosddu, Wrexham, this deceptively spacious four-bedroom HMO occupies a convenient position approximately 15 minutes’ walk from Wrexham town centre, while also benefiting from regular bus services providing access to the town and surrounding areas.
At the time of writing, the property is fully occupied by four paying tenants, with no rental arrears. The three double bedrooms are currently achieving £650 per calendar month each, with the single bedroom achieving £550 per calendar month. This produces a current gross rental income of £2,500 per calendar month, equating to £30,000 per annum and, based on the current marketing price, an approximate gross yield of 10%.
Internally, the property is considerably more spacious than might initially be anticipated, offering particularly generous room proportions throughout. A notable feature is the provision of three separate communal areas comprising a lounge, dining room and kitchen. This arrangement provides an excellent level of shared accommodation and is an appealing feature within the HMO market.
The property is offered for sale fully furnished and comprises three generously proportioned double bedrooms and one genuine single bedroom. All four bedrooms benefit from their own shower en-suite facilities, providing tenants with a high degree of privacy and convenience.
Externally, the property benefits from an extended, enclosed and low-maintenance rear garden, providing useful outdoor amenity space for the occupants.
This represents an established HMO investment with four tenants currently in occupation, an existing rental income stream and well-proportioned accommodation throughout.
Viewing is strictly by prior appointment. EPC rating: D. Council tax band: D, Tenure: Freehold,
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for purpose. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
In accordance with current Anti-Money Laundering regulations, all buyers are required to undergo an identity verification check. A non-refundable fee of £24 per buyer applies for this mandatory check, which must be completed before the sale can proceed.
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