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HMO INVESTMENT OPPORTUNITY IN Barbel Drive, Wolverhampton
Guide Price £250,000 (Freehold)

HIGH QUALITY HMO INVESTMENT OPPORTUNITY - GROSS ANNUAL INCOME OF £22,800 - A great investment opportunity and chance to acquire a high end house share, fully occupied and with very few historic void periods. The current income is £22,800 per year which rep…

Property details

HIGH QUALITY HMO INVESTMENT OPPORTUNITY - GROSS ANNUAL INCOME OF £22,800 - A great investment opportunity and chance to acquire a high end house share, fully occupied and with very few historic void periods. The current income is £22,800 per year which represents a gross yield of approx. 9%. EPC - D

Breakdown of rooms and rents are as follows:

Room 1 - £475pcm

Room 2 - £425pcm

Room 3 - £500pcm

Room 4 - £500pcm

This immaculately presented three storey townhouse is located in the popular Bentley Bridge development and was built in 2002. The property borders onto the Wyrley and Essington Canal.

The ground floor houses an integrated single garage with a further parking space on the driveway and two others on the paved approach. The front door leads into the hall which in turn leads to a Study/Bedroom 3. There is a Cloakroom/WC and Utility Room with spaces for a washing machine and tumble drier. The back door leads to the paved and lawned back garden.

On the first floor is a fully fitted dining kitchen including gas hob, electric fan oven, fridge freezer and dishwasher with French doors and Juliet balcony overlooking gardens and the canal. The spacious lounge features an Adam style fireplace and electric fire. A bay window overlooks the canalside.

The final two bedrooms are located on the second floor. The larger room has an ensuite shower room, while the second bedroom is served by a separate family bathroom. Both bedrooms have fitted wardrobes.

The house has laminate flooring and carpeting throughout.

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