Key features
- HMO INVESTMENT PROPERTY
- SIX ROOMS
- CURRENTLY LET AT £3,425 PCM
- GROSS RENTAL YIELD IN EXCESS OF 8%
- OVER £41,000 PER ANNUM AT FULL OCCUPANCY
- SUBSTANTIAL PROPERTY
- GAS HEATING
- DOUBLE GLAZING
- NET RENTAL YIELD CIRCA 7%
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Material information
ExpandProperty Description
A fantastic HMO investment opportunity which currently returns circa £41,000 per annum in Gross rental income.
With individual room rates including all bills, the property currently returns circa 7% NET at the asking price (at full occupancy levels).
Let to professional tenants on individual AST's, and located close to Albert Road, within an easy walk of Fratton station, this property has proven a popular choice for professional sharers.
Comprising six bedrooms, a communal lounge and a large kitchen/breakfast room this substantial property offers an attractive investment.
Early viewing is advised.
ROOM ONE
Currently let at £600pcm.
ROOM TWO
Currently let at £600pcm.
ROOM THREE
Currently let at £625pcm.
ROOM FOUR
Currently let at £600pcm.
ROOM FIVE
Currently let at £450pcm.
ROOM SIX
Currently let at £550pcm.
FURTHER INFORMATION
COUNCIL TAX BAND: C
TENURE: FREEHOLD.
INDIVIDUAL ROOM RENTS INCLUDE ALL BILLS. The current owner includes the cost of a tv licence, wifi, all utilities and Council Tax. Current monthly expenditure is circa £585.51, however may fluctuate with changing costs.
We advise you to check these details prior to purchase.
"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."
