This is an ideal easily managed investment if you are looking to purchase your first HMO or expand your portfolio. A new tenancy has just begun with a group of 4 students for 12 months until 30th June 2021 giving a new purchaser the benefit of immediate income as the tenancy will continue even though the ownership of the property may change. The current annual rent is £16,800 which gives a gross yield of 6.72%.
Spacious and bright, this property is set out over two floors and is being sold as is - fully furnished and with white goods. It was redecorated throughout with new carpets and some new furniture in 2018.
The ground floor has a large double bedroom, cosy living room for relaxing & enjoying the company of your housemates & friends, a large fitted kitchen with breakfast bar and to the rear the family bathroom with shower enclosure & electric shower, wc and whb.
On the first floor you will find three more good sized double bedrooms and an additional shower room with electric shower.
Located within a stone's throw to Solent University this property holds great appeal for students but would also suit professional sharers as it is within a short walk to the city centre. There are good local shops on your doorstep and the vast selection of shopping & recreational activities of the city to choose from.
Title : Freehold
EPC Rating: C
Council Tax Band: B (£1,436.32 for 2020/21)
HMO licence for 4 persons.
EPC rating: C.
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.