GUIDE PRICE: £1,000,000 | CURRENT RENT: £4,200 PCM | GROSS YIELD: APPROX. 5.04%
Phillip Shaw are pleased to offer for sale this substantial eight-bedroom HMO investment property on Churchill Avenue, currently generating a rental income of £4,200 per calendar month (£50,400 per annum), exclusive of bills.
Arranged over three floors, the property provides extensive accommodation well configured for HMO use.
The ground floor comprises three bedrooms, one of which benefits from an en-suite shower room, together with a communal shower room, fitted kitchen and an L-shaped dining/lounge area providing shared living space for occupants.
The first floor provides four further bedrooms, including one bedroom with an en-suite shower room, together with an additional communal shower room. The loft floor features a particularly large eighth bedroom with its own en-suite shower room.
In total, the property provides eight bedrooms and five shower rooms, offering practical facilities across all three floors.
Externally, there is a rear garden together with a private driveway providing off-street parking for approximately two to three vehicles.
The property can be offered with tenants in situ, providing an immediate income-producing investment, or with vacant possession, giving purchasers flexibility depending on their intended use or investment strategy.
With an established rental income of £50,400 per annum, exclusive of bills, and a gross rental yield of approximately 5.04% based on the £1,000,000 guide price, the property represents an attractive opportunity for investors looking to acquire a substantial income-producing HMO asset.
EPC Rating: C Property Ref: 7E5C2163-C2B2-43D5-9697-C0BE90B92704