TWO FIVE ROOM HMOs

We are pleased to offer to the market this retirement sale of TWO near identical HMOs (House of Multiple Occupancy). The purchase would include or fixture, fittings and furniture and has 100% occupancy. The current average rent per room at £135 per week (£35,100 gross annually) reflects the fact that some modernisation and updating is required, but by no means necessary. Similar properties achieve a weekly rent of up to £175 per week (£45,000 gross per annum per property) if brought up to a higher standard. This would inevitably increase the value of the property as well, of course.

Each property comprises; FIVE double bedroom spread over three floors, a kitchen, bathroom and second WC. There is also a lean to off the side of the kitchen. The property is fully compliant with HMO standards and have Grade A alarm systems.

Viewing by appointment only and at least 24 hours notice needs to be provided to the tenants some of whom work night shift.

Price: £245,000 each.

EPC Rating: D 55

Council Tac Band: B 

Gas central Heating