Asking Price £189,000
A fully licensed 7 bed HMO generating a yearly income of £23,600 pa.
Fully licensed HMO for sale which offers 7 bedrooms (all currently occupied) and generating a yearly income of approximately £23,600 pa. and a potential net yield of over 12.4%. This large end of terrace house comprises four floors including a basement which has three spacious rooms that offer potential to convert into additional living space which would allow for potential to add more bedrooms and/or bathroom. There are two recently updated bathrooms and the main kitchen on the ground floor plus one bathroom and another kitchen on the first floor together with seven bedrooms each achieving a weekly income of £65. The property has been fully occupied for the last few years by the current tenants making this a quick and easy purchase for any potential buyer who is looking to receive a healthy yield on their initial investment. The property is warmed by gas central heating and benefits from double glazing, a recently refurbished roof, three updated bathrooms and WC. A fact that is reflected in the competitive asking price and that will allow a prospective buyer to upgrade the accommodation and charge higher rents (with average rents for rooms in the area ranging from £70-£90 a week and modernised ensuite bedrooms achieving as much as £120 a week). Our seller is looking for a buyer to purchase the property as an ongoing concern with sitting tenants and can provide accounts and all relevant certification for the HMO upon request.
|Council||Band A||Band B||Band C||Band D||Band E||Band F||Band G||Band H|
|South Ribble Borough Council||£1,014.34||£1,183.41||£1,352.47||£1,521.52||£1,859.63||£2,197.76||£2,535.86||£3,043.04||Website|
|Chorley Borough Council||£1,003.58||£1,170.85||£1,338.11||£1,505.37||£1,839.89||£2,174.43||£2,508.95||£3,010.74||Website|
All council Tax Bandings are indicatory. Please check the precise banding for a property of interest.