HIGH QUALITY HMO INVESTMENT OPPORTUNITY IN THE TETTENHAL AREA - GROSS INCOME OF £48,624 P/A - 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 £48,624 per year which represents a gross yield of approx. 9%. EPC - D
Breakdown of Rooms and Rents as follows:
Room 1 - £575pcm
Room 2 - £550pcm
Room 3 - £550pcm
Room 4 - £550pcm
Room 5 - £550pcm
Room 6 - £600pcm
Room 7 - £550pcm
This Victorian town house is located in the popular Tettenhall area. Within walking distance of the city centre, a stone's throw from West Park and close to the village centre of Tettenhall.
The property is a late Victorian town house on three storeys, fully converted to provide seven luxurious en-suite bedrooms as well as very spacious and comfortable common facilities.
The kitchen is fully fitted out with striking new units and work-surfaces. It has two gas hobs with extractor hoods, two electric fan-ovens and two large fridge-freezers,
as well as a microwave and dishwasher. A cupboard is allocated to each tenant for dry foods as well as a shelf in a fridge and a drawer in a freezer.
The kitchen is stocked with kettle, coffee machine and toaster as well as a wide range of glasses, crockery and cutlery. Residents can dine together around the 8-seater dining table, or relax around the full size professional pool table.
A separate laundry room is equipped with a washing machine and tumble drier, as well as an ironing board, iron and airer and a vacuum cleaner.
The lounge is furnished with three leather sofas, an oak coffee table and a 50 flat screen internet HDTV. A panoramic patio window gives onto the rear terrace. In addition, a study room is available for those seeking a quiet environment for work or rest.
The rear of the property provides secure gated parking for all tenants.