Standout Features
- Six Bedrooms
- Large rear extension
- Three bedrooms with ensuites
- Family bathroom and separate WC
- Less than a mile to city centre
- Tenanted - £36,696 gross rent
- £45,000 gross rent pa potential
- Excellent occupancy record
- Good condition throughout
- Close to local stores and superstores
Property Description
HIGH YIELD INVESTMENT OPPORTUNITY:
Tenanted 6 bedroom licenced HMO. Currently let to five tenants for £3,058 pcm / £36,696 pa = 7.8% gross yield.
One room is under min size of 6.51 sq m. Equalising that bedroom with its neighbouring room, makes the 6th bed compliant. Once all 6 are compliant rent is then £3,750 / £45,000 pa = 9.6% gross yield.
With a large rear extension to the ground floor this property is extended to 1,297 sq ft overall. On the ground floor are three large bedrooms, all ensuite and a good sized kitchen diner.
On the first floor are two compliant sized bedrooms and the one undersized bedroom, that is unlet, plus bathroom and separate WC.
Six bedrooms and four bathrooms, three of which are ensuites, is a very high ratio, making this a very popular rental for students and professionals alike. Currently tenanted by professional sharers. Situated less than a mile from the city centre. Local stores and superstores are a short walk away.
Material Information
- Tenure: Freehold
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Longfield Road, Winchester
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