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1 Rooms 11 beds 5 bath

FLAT

£ 375,000.00

11 bed flat for sale For sale

Address: ************

More information

Council tax band: A

Auction: No

Market Status: For sale

Schools: ************

Transport: ************

HMO Status: Existing HMO

NEAR UNIVERSITY: NO (Dist: 1.50 miles)

NEAR TRAIN STATION: YES (Dist: 0.75 miles)

NEAR BUS STATION: YES (Dist: 0.50 miles)

NEAR HOSPITAL: NO (Dist: 1.20 miles)

About this property

This property is a licensed 11-bedroom HMO, currently configured as a 9-bedroom with a community room, two kitchens, two communal bathrooms, and three ensuites. It comes with a long-term company tenant responsible for maintenance, bills, and maintaining occupancy. The current agreement generates £2600 per month net income. The property has the potential for a 50% gross ROI based on 11 rooms at £110 per week, assuming 100% occupancy. Multiple supermarkets, gyms, parks, and shopping centres are located within 1.0 mile. The nearest train station is 0.75 miles away, and the nearest bus station is 0.50 miles away.