Extraordinary 8 bedroom detached three storey Victorian House for sale. This fully licensed HMO property has all 8 rooms let out generating an income of £32,040pa.
The property is located on a quiet road at the heart of Clarendon Park, and is just minutes away from the shops, bars and restaurants of Queens Road.
This great investment opportunity has 8 rooms, with shared facilities including 5 showers, 5 WC's, 2 Kitchens, basement providing washing and additional fridge/freezer facilities and a communal garden.
*Potential 9.1% Return on capital employed gross (See investor information)
Located at the front of the property, one of the largest rooms in the building is furnished with bed, wardrobe and small kitchenette facilities.
This second room located on the ground floor is offered unfurnished with kitchenette facilities and access through to the communal garden.
Situated at the back of the ground floor, this third room is offered furnished with bed, sofa, built in wardrobe and kitchenette.
On the first floor the fourth room overlooks the front of the property, offered furnished with bed and wardrobe and kitchenette.
The fifth room is offered furnished with bed, built in wardrobe, desk and kitchenette.
Overlooking the back of the property with a large bay window letting in the natural light, this room is furnished with bed, wardrobe, desk and kitchenette area.
On the second floor, this large seventh room has a double bed and wardrobe. This unique room also has a double door leading to a balcony area.
The eighth room is also furnished with double bed, wardrobe, desk and chair.
There are 2 kitchens, the main one located on the ground floor has new vinyl flooring, a freestanding cooker with ample cupboard storage and a dining area. The second kitchen is located on the third floor, with freestanding cooker, microwave and cupboard storage.
There are 5 showers in total, 2 located on the ground floor, 2 on the first floor and 1 on the second floor.
There are separated WC's on each floor, 2 on the ground floor, 2 on the first floor and 1 on the second floor,
The basement has multiple washing machines and additional fridge/freezer facilities.
Large decked area at the rear of the property accessible for all occupants.
Based on a sale at £625,000 and a rental income of £2670pcm
- 75% loan assuming standard BTL loan at 3% (interest only)
- Capital used £197,000 (including deposit, stamp duty and conveyancing)
- Annual pre tax profit of £17,977.50 = 9.1% pre tax income on capital used
[Please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary.]
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.