Herbert Road, Southsea
£575,000, 8 bedrooms, house, for sale

Key features

  • 8 BEDROOM LICENCED HMO
  • IN EXCESS OF £42,200 NET INCOME
  • LET TO PROFESSIONAL TENANTS
  • OF INTEREST TO INVESTORS
  • IN EXCESS OF 7% NET RETURN
  • FANTASTIC RETURN
  • NO CHAIN
  • TENANTS IN SITU
  • 2 EN-SUITE ROOMS
  • THREE SHOWER ROOMS

Property Description

A SUBSTANTIAL 8 BEDROOM LICENCED HMO!

Currently returning circa £51,000 per annum Gross (at full occupancy), this substantial property is let to professional sharers on individual AST's.

After monthly expenditure NET income is in excess of £42,000 making this an attractive proposition for any investor.


Call now for more information and to arrange a viewing.

COMMUNAL LOUNGE

KITCHEN

UTILITY ROOM

BEDROOM ONE
Monthly Rental £650.

BEDROOM TWO
En-Suite Room.
Monthly Rental £650.

BEDROOM THREE
En-Suite Room.
Monthly Rental £450.

BEDROOM FOUR
Monthly Rental £450.

BEDROOM FIVE
Monthly Rental £550.

BEDROOM SIX
Monthly Rental £550.

BEDROOM SEVEN
Monthly Rental £430.

BEDROOM EIGHT
Monthly Rental £550.

KITCHEN

SHOWER ROOM

SHOWER ROOM

SHOWER ROOM

FURTHER INFORMATION
The current HMO Licence allows for occupation of 8 individuals and was granted on the 16th of May 2018.

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.

Council Tax Band: E - £2,118.02

"Dear Mazin and everyone at Tullys who has helped out! Thanks you Mazin in particular for having faith in us! It was a bit of a worry (especially when our sale fell through) but you remained positive and upbeat for us, putting us at ease and making us think everything would work out fine."
Love Sarah and Dan