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Tenanted 5 Bed Student HMO with Potential Add Value of £30/40K

£ 235,000 For Sale
Freehold Bedroom Mid-Terraced House HMO Property For Sale
Louise Street Chester CH1
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0203 970 4112
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Price : £ 235000
Gross Yield : 10.31 %
Gross Monthly Rent: £ 2020

An excellent cash-flowing fully tenanted student HMO property with the ability to add value & increase rents via a light refurbishment.

This property is a successfully run HMO property with an HMO license and also C4 HMO planning permission allowing the incoming investor total peace of mind.

The real value to this property would be to complete a light refurb circa £10K to with the ability to increase the current rents by some 15% and thus increase the value of the property circa £30/40K.

http://www.agenthmo.co.uk/wp-content/uploads/2020/07/Louise-Street-Chester.pdf

Property Sub Type: Mid-Terraced House
Tenure: Freehold
Construction: Brick & Tile
Condition: Average
Garage: None
Additional Parking: On-road
Garden: Rear
Heating: Gas Central Heating
Double Glazing: Full
Tenant Type: Student
Fully Tenanted
Strong Rental Demand
Capital Growth Potential
Good Transport Links
Fully Managed
Wireless Broadband
Shared Kitchen Dining Area
HMO Compliant Fire Alarm
Single: 1
Double: 4
Kitchens: 1
Reception Rooms: 1
Shared Bathrooms: 2
Room Type: Price
Single Room / Shared Bathroom £ 342
Double Room / Shared Bathroom £ 398
Double Room / Shared Bathroom £ 398
Double Room / Shared Bathroom £ 412
Double Room / Shared Bathroom £ 470
Gross Monthly Rent: £ 2020
HMO Licence Required: Yes
HMO Licence In Place: Yes
HMO Licence Expiry Date: 19-07-25
Licensed No of Persons: 5
Licensed Units of Accomodation: 5
Gas:£ 75
Electric:£ 75
Water:£ 40
Broadband:£ 30
Insurance:£ 20
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