Key info
5Bedrooms
2Bathrooms
114 sqmSize
Property description
Strategy: HMO
Spacious five-bedroom HMO located within a short walk of the main University Campus, Hospital and Town Centre.
Compliant to HMO standards with short term room lets in place but in need of refurbishment to maximise return.
Lots of square footage to play with and a sizeable loft conversion already in place.
2 separate bathrooms and a sizeable communal space gives this property all the features needed to reach to the top of the market with a makeover.
Post refurbishment you are left with 5 large double bedrooms in a desirable rental area, extra bathrooms and good communal space with free on street parking!
Others in this road done to a high standard are achieving in excess of a gross £650 a month per room!
At a conservative £500 net per room the returns are strong at £2500 per month, £30,000 per annum granting you have a gross ROI of 8.21%, and pre- refurb net return on cash for purchase (£117,750) of 25%+!
Call Martin & Co to discuss your investment plans today!
Sourced reference: 161693438
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Sales Agent
Martin & Co
Winchester
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