Property description
Pure Investor brings to the market this mid terraced property which has been converted into 4 self-contained flats with their own postal address. Each apartment pays their own bills including council tax. Each apartment comes with a kitchen, bathroom & living room. The communal areas consist of entrance hallway and stairs. To the rear is a small yard and a brick outside storage area. Property comes with a full HMO licence and is currently managed by a local letting agent.
INVESTMENT INFORMATION
Asking price: £350,000.00
Current rental incomes:
£500pcm
£550pcm
£650pcm
£650pcm
Overall rental income of £2,350 pm (£28,200 per annum)
4 separate self-contained apartments
Freehold property
8.0% net rental income
Fantastic location for an HMO/buy-to-let investment
HMO licence in place
Possible need for refurbishment in some of the apartments but only minimal.
Some of the tenants have been in situ long term and some more recent.
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