HIGH QUALITY HMO INVESTMENT OPPORTUNITY! - CURRENT GROSS INCOE OF £26,400 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 £26,400 per year which represents a gross yield of approx. 9%. EPC - C
The breakdown of rooms/rents are as follows:
Room 1 - £525pcm
Room 2 - £525pcm
Room 3 - £550pcm
Room 4 - £600pcm
This luxuriously appointed house is located in Wednesfield, Wolverhampton. Although close to the city, the area is surrounded by open countryside.
The property is a large modern house specially converted to incorporate four spacious en-suite bedrooms and the best in common facilities.
The kitchen/lounge is fully fitted out with striking new units and work-surfaces. It has a six ring gas hob, two electric fan-ovens, integrated microwave and dishwasher, an American size fridge-freezer, a washing machine and tumble drier. The kitchen is stocked with kettle, coffee machine and toaster as well as a wide range of glasses, crockery and cutlery. Each tenant is allocated a cupboard for dry foods and a shelf in both the fridge and freezer.
The lounge area is furnished with a leather corner sofa, an oak coffee table and a 40 flat screen internet HDTV. For more formal dining events, there is a conservatory with an oak dining table and six leather chairs.
The rear of the property is paved to provide a secure parking area, secured by electric gates. Parking space is provided for three tenants and a single garage is available to rent.
The entire property is carpeted or fitted with laminate flooring to a high standard. A security alarm is installed and the front and rear of the property are monitored by CCTV.
Cleaning of the common areas is provided, but tenants are responsible for cleaning their own rooms. A vacuum cleaner, ironing board and iron are available.