Standout Features
- 6 bedroom HMO investment opportunity
- Going concern - tenanted
- Excellent location for student and nurse demand
- Good condition throughout
- £29,040 pa to Aug '24
- £42,840 / 9.52% yield full market rent
- Spacious 1,130 sq feet of living space
- Unbroken letting record from 2007
- All furniture and appliances included
- Immediate income upon completion
Property Description
Investment Opportunity:
Spacious six-bedroom house on Stuart Crescent, Stanmore. Prime location for students and sharers.
0.4 miles / 4 min walk to University of Winchester main campus. Just 1.2 miles from Winchester's centre.
Longstanding and well maintained, Article 4 compliant, WCC Licenced HMO, (house of multiple occupation).
This property features both a bathroom and additional shower room, large kitchen inc appliances, good sized communal areas, large private rear garden and off road parking - a valuable asset in this permit controlled area.
Very popular rental for years, always fully let in its current ownership dating back to 2007.
The property is offered for sale, furnished and let. Current tenancy is a company let to a nursing agency, paying £29,040pa excluding utilities, an immediate 6.45% gross yield. This tenancy to August '24, is below current market rent.
Market rent is £42,840 pa at £140 per tenant, representing a 9.52% gross yield potential.
Material Information
- Tenure: Freehold
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Stuart Crescent, Stanmore
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