12 bed shared accommodation for sale Sold/Delisted

About this property

12 Bedroom Student Freehold Investment Opportunity. Row of 3 x 4 bedroom houses with unconverted basements and lofts and room for cosmetic improvements. Each property benefits from 4 double bedrooms, sharing 1 bathroom and a kitchen/dining room. Each property also has a 5th 'bedroom' that generally measures below 8 SqM but with internal works, we are of the view that bedroom additions can be achieved. 2 of the 3 properties have rear extensions. The properties are currently rented on 52 week contracts offering a 4 week summer retainer, with each house rented for £110 pp pw exc. Bills, totalling an annual rent in the region of £63,360 per annum. The properties are all licensed with Additional HMO Licenses and are located in an Article 4 area with historic evidence of tenancies available. This investment is available for an asking price of £925,000, making for a yield of 6.87% at £77,000 per bed. Multiple supermarkets, gyms, parks, shopping centres, and schools are within 1.0 mile.