Standout Features
- Five Bedroom HMO
- In Need of Modernisation
- Partial Tenancies in Place
- Fully Furnished Throughout
- Two Bathrooms/Shower Rooms
- High Yielding Possibility
- Good HMO Rental Location
- 15-Minutes Walking Distance to Main Uni Campus
- Off-Road Parking For One Car and Free On Street Parking
- Massive Potential
Property Description
Spacious five-bedroom HMO located within a short walk of the main University Campus, Hospital and Town Centre.
Compliant to HMO standards with short term room lets in place but in need of refurbishment to maximise return.
Lots of square footage to play with and a sizeable loft conversion already in place.
2 separate bathrooms and a sizeable communal space gives this property all the features needed to reach to the top of the market with a makeover.
Post refurbishment you are left with 5 large double bedrooms in a desirable rental area, extra bathrooms and good communal space with free on street parking!
Others in this road done to a high standard are achieving in excess of a gross £650 a month per room!
At a conservative £500 net per room the returns are strong at £2500 per month, £30,000 per annum granting you have a gross ROI of 8.21%, and pre- refurb net return on cash for purchase (£117,750) of 25%+!
Call Martin & Co to discuss your investment plans today!
Compliant to HMO standards with short term room lets in place but in need of refurbishment to maximise return.
Lots of square footage to play with and a sizeable loft conversion already in place.
2 separate bathrooms and a sizeable communal space gives this property all the features needed to reach to the top of the market with a makeover.
Post refurbishment you are left with 5 large double bedrooms in a desirable rental area, extra bathrooms and good communal space with free on street parking!
Others in this road done to a high standard are achieving in excess of a gross £650 a month per room!
At a conservative £500 net per room the returns are strong at £2500 per month, £30,000 per annum granting you have a gross ROI of 8.21%, and pre- refurb net return on cash for purchase (£117,750) of 25%+!
Call Martin & Co to discuss your investment plans today!
Additional Information
Tenure:
Freehold
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Walpole Road, Winchester
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