With the average salary in the UK currently at £26,500 per annum, you could surpass that immediately buy purchasing yourself this fully occupied HMO property which generates up to a staggering £31,000 per annum of instant income!
The property is a 6BED, self contained, fully refurbished (within the last 10 months) fully furnished and fully managed HMO property.
Each of the 6 double bedrooms has it’s own en-suite bathroom and each room is let to a working professional on a 6 – 12 month AST. The occupants then share a large lounge, kitchen and garden.
During the last 12 months since the property was converted into a HMO, each room has been consistently occupied with ZERO VOID periods.
The property (PLOT 1) is huge and is 2,196sqft in size.
This substantial dwelling is located a few minutes walk from both Hucknall town centre and the NET (Nottingham Express Transit) tram stop which connects the whole of Nottingham (20 mins to Nottingham City Centre). Since LINE TWO of the tram connected the other half of Nottingham, property prices located within 0.5 miles of each line have increased by more than 20%.
The current tenants moved in when the property was initially refurbished in October 2015 – so there is scope to increase the rent with immediate effect.
The current gross rent is £2,208 pcm, or £26,496 per annum – but this could be increased immediately by an average of £15 per room, per week, which would be an additional £4,680 income per annum and would mean:
£31,176 gross rental income per annum
£2,598 gross rental income per calendar month
This HMO is being sold at a purchase price of £264,995
- Huge 6BED HMO property located in Nottingham
- Each double bedroom has it’s own en-suite bathroom
- Each room let to a working professional
- Excellent location and located next to major transport links
- Fully refurbished less than 12 months ago
- Fully occupied
- NO voids since property was converted to HMO
- Currently generating £26,496 per annum (gross)
- Scope to increase rent immediately to generate £31,176 per annum (gross)
- Fully managed
- Complete turn key investment
Contact me if keen, this will go quickly – floor plans and photos and income / outgoings provided on request.
If you would like to receive further information, or if you have any questions at all please call Matthew on 0115 9853 964 or 07517 156 157 or fill out your details for the full pack below: