Property Details
£725,000
7 bedrooms
Chartwell Place
INVESTMENT PROPERTY. A rarely available detached HMO investment property with an HMO licence in place. This detached house currently comprises; seven bedrooms of which six are occupied and one of which is completely self contained. There are four bathrooms, a communal kitchen and front and rear gardens. There is scope to develop the property further and increase the rental yield. An ideal property for an investment buyer. Sold with tenants in situ.
Income:
Room one (occupied) - £800
Room two (occupied) - £650
Room three (occupied) - £600
Room four (occupied) - £450
Room five (occupied) - £400
Room six (occupied) - £575
Gross monthly rent = £3475
Gross annual rent = £41,700
Gross yield = 5.75%
Monthly outgoings:
Council tax (over 10 months) - £287
Water - £48
Gas/electricity - £227.04
Broadband - £52.49
TV Licence - £13.2
Monthly total = £627.73
Tenure: Freehold
Income:
Room one (occupied) - £800
Room two (occupied) - £650
Room three (occupied) - £600
Room four (occupied) - £450
Room five (occupied) - £400
Room six (occupied) - £575
Gross monthly rent = £3475
Gross annual rent = £41,700
Gross yield = 5.75%
Monthly outgoings:
Council tax (over 10 months) - £287
Water - £48
Gas/electricity - £227.04
Broadband - £52.49
TV Licence - £13.2
Monthly total = £627.73
Tenure: Freehold
- No Children
- No DSS
- No Pets
- Single occupancy only
- No couples
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.