Festing Grove, Southsea
£600,000, 9 bedrooms, house, for sale

Key features

  • FULLY LICENCED HMO
  • FANTASTIC RETURNS
  • 9 BEDROOMS
  • 9.6% GROSS RETURN WHEN FULLY OCCUPIED
  • CLOSE TO CANOE LAKE
  • LET TO PROFESSIONAL TENANTS
  • OF INTEREST TO INVESTORS
  • NET RETURN IN EXCESS OF 8% WHEN FULLY OCCUPIED
  • THREE EN-SUITE ROOMS
  • NO CHAIN

Property Description

A SUBSTANTIAL 9 BEDROOM HMO OFFERING A FULLY LET GROSS RETURN OF 9.6% (inclusive of bills).

Formerly a Guest House, this substantial property represents a fantastic investment opportunity which currently returns circa £48,800 per annum Net (at full occupancy).

Let to professional tenants on individual AST's, and located close to Southsea seafront and Canoe Lake, this property have proven a popular choice for sharers.

ONE NOT TO BE MISSED!

Call now for more information and to arrange a viewing.

BEDROOM ONE
Monthly rental - £550

BEDROOM TWO
Monthly rental - £550

BEDROOM THREE
Monthly rental - £400

BEDROOM FOUR
Monthly rental - £600
En-Suite Room

BEDROOM FIVE
Monthly rental - £600
En-Suite Room

BEDROOM SIX
Monthly rental - £550

BEDROOM SEVEN
Monthly rental - £650
En-Suit Room

BEDROOM EIGHT
Monthly rental - £450

BEDROOM NINE
Monthly rental - £450

COMMUNAL LOUNGE

LIVING ROOM

SHOWER ROOM

BATHROOM

BATHROOM

W/C

FURTHER INFORMATION
This property was previously a Guest House with C1 use and was granted a Sui Generis HMO Licence under a change of use in December 2015.
The current HMO Licence allows occupation for up to 10 people and was granted on the 26th of February 2016.

Council Tax Band: E -£2,118.02

Please Note that Net and Gross returns are calculated at full, year round occupancy. Gross rental figures include bills. Net figures are calculated after monthly expenditure.

"Dear Tully's Thank you so much for my lovely new home... and for listening and supporting me - I could've gone crazy without you!"
Lots of love Beth