Baileys Road, Southsea
£450,000, 6 bedrooms, house - terraced, for sale

Key features

  • 6 BED HMO
  • C3/C4 PLANNING
  • LET FROM THE 1st OF AUGUST FOR 12 MONTHS
  • IN EXCESS OF £40,000 PER ANNUM GROSS
  • CLOSE TO THE UNIVERSITY
  • RENT FROM DAY ONE
  • NO CHAIN
  • PERFECT INVESTMENT PROPERTY
  • EARLY INTEREST ESSENTIAL

Property Description

A SIX BEDROOM HMO BENEFITTING FROM AN ESTABLISHED RENTAL HISTORY BOASTING C3/C4 PLANNING USE.

LET FOR THE NEXT YEAR (STARTING THE 1st OF AGUST) ON A 12 MONTH TENANCY AT £3,389 PER CALENDAR MONTH, THIS PROPERTY IN NOT TO BE MISSED!

Returning circa 9% gross on investment at the asking price, this is an opportunity to add a high yielding asset to your portfolio.

Not many HMO's offer the full package, but this one certainly does!

FURTHER INFORMATION
Utilities are included within the monthly rental cost. We are informed by the vendor that currently the cost of utilities is circa £300 pcm. In addition the tenancy agreement contains a fair usage clause.

"We wanted to thank you for all your help (and continued help) with us purchasing Festing Road. Jo and Gem"
To Mazin and Team