- Four Double Bedroom Semi-Detached House
- Ideal Buy-To-Let Investment
- Spacious Lounge/Diner
- Modern Fitted Kitchen
- Two Bathrooms
- Driveway Parking
- Popular Residential Location
- No Forward Chain
A fantastic opportunity to purchase this well-presented four double bedroom semi-detached house, situated in a popular residential location, within easy reach of Branksome train station, Bus Links, Local Amenities and Shopping facilities.
We are advised that the property has previously been utilised as a licenced HMO with 5 lettable bedrooms achieving £485 PCM Per Room (£2425 PCM total). The property has since been reconfigured to a four double bedroom semi-detached house and the HMO licence has since expired.
If reinstated as a 5 Bedroom HMO, subject to relevant permissions and works, we believe the property would command a rental in the region of £500 PCM Per Room (£2500 PCM Total) which would give a gross yield of 8%. The property is currently let at £1325 PCM until with the rental agreement in place until August.
Set back from the road the property benefits from driveway parking for multiple vehicles and side access to the rear garden. Stepping into the property you are greeted by the welcoming entrance hall. To the right you will find the open-plan lounge/diner that offers well defined areas for both eating and relaxing with double doors that lead out to the rear garden. To the rear the property boasts a modern fitted kitchen with generous workspace and ample cupboard storage. Beyond the ground floor further benefits from a shower room and rear double bedroom or additional reception room.
The first floor accommodates three further double bedrooms all or which are generously proportioned with plentiful space for bedroom furniture and storage. The bedrooms are served by the four-piece bathroom that consists of a shower, bath, w/c, basin and heated towel rail.
Outside the property benefits from a low maintenance rear garden with enclosed patio area and elevated rear lawn.
Currently tenanted at £1325PCM and well presented throughout we believe this property would make an ideal buy-to-let investment. Sure to be popular early viewing is advised. Call Lovett Estate Agents to arrange your viewing appointment.
*Potential for 8% gross yield subject to relevant permissions and necessary works to reinstate as a 5 bedroom HMO.
This information has not been verified and should not be relied upon as statement of fact, but it is given in good faith for guidance only.
Looking to sell? Call Lovett Estate Agents for your complimentary valuation.
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