Don't miss the opportunity to acquire this stunning investment property. Currently tenanted to a group of 5 students until June 2022 the property has an annual income of £28,320 giving a gross yield of 8.7%. The property is a licensed HMO and benefits from a flexible C3/C4 planning consent.
The 3-storey townhouse was refurbished recently and is well laid out with modern decor & good furnishings. Spread out over three floors, there are five bedrooms each with their own ensuite - definitely a big selling point when it comes to advertising for tenants. Each room is comfortably furnished with space for sleep, study or working from home. There is a large open plan living room/kitchen with balcony where the tenants can enjoy each other's company. The modern fitted kitchen has an abundance of worktop & storage cupboards and comes with large fridge/freezer, gas hob, electric oven and washing machine.
There is one allocated parking space plus a small garden to enjoy the summer sunshine.
The property is superbly located within a stone's throw to Solent University and within a short walk to the city centre. Currently tenanted to students it would also be ideal for professionals working in the city. There are good local shops on your doorstep and the vast selection of shopping & recreational activities of the city to choose from.
All in all this is a very welcoming house with great accommodation in a great location which will appeal to groups of tenants plus you also have the option to rent on a room by room basis.
Please note the photos shown in the advert were taken when the refurbishment was completed.
Title : Freehold
Estate Management Charge: TBC
EPC Rating: C
Council Tax Band: C (£1,725.58 for 2021/22)
Full HMO licence for 5 persons.
Flexible C3/C4 planning in place
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.
EPC rating: C.