FIVE ROOM HMO

We are pleased to offer to the market this retirement sale HMO (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 between £150 per week and £165 per week (£39,000 to £42,900 gross per annum) if brought up to a higher standard. This would inevitably increase the value of the property as well, of course.

The 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 has a Grade 1 alarm system.

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

EPC Rating: D 55

Council Tac Band: B 

Gas central Heating