REF 709
INVESTMENT
£460,000
GROSS YIELD
10.28%
ANNUAL RENT
£47,280
The renovation included full double glazing throughout, brand new full central heating system throughout, full rewiring of all new electrics. All walls were replastered, added insulation and noise protection, plus all the additional features and finishes seen in the photos.
The property is located just on the edge of the town centre, and within Swindon sort after Old Town. It’s a great central location. You can walk to town centre shops in less than 3 minutes. One of our most popular locations. It also has the upmarket old town only 5 minute walk away. It tend to attracts the Nationwide head quarter workers, currently 2 of the tenants at the property work there, as it is walkable distance. Nationwide also run a shuttle bus service to their sites and this picks up from right outside the property. Parking is available via 2 permits allocated to the house for on street parking if needed.
The property has been specifically renovated for working professionals. It is built to full Swindon Borough Council hmo spec and regulations. The property has a lisence for 6 people and 6 rooms which are all full with working professionals currently.
The property is built to provide everything needed for professional tenants, whilst also maintaining a level of robustness to last many years. The garden is accessed from the rear communal kitchen and is laid to astro turf, and provides a peaceful area for the tenants along with low maintenance for the landlord. The garden is a great sun catcher.
There are 6 rooms in the house. Room 1, 2, and 3 are all double ensuite rooms. Rooms 4,5,and 6 are all studio rooms with kitchenette. Rooms 5 and 6 both have their own washer dryer and all studios have their own fridge freezer, sink, microwave, toaster and cupboard storage.
The property is being sold with EVERYTHING included, utensils, hoover, iron etc which is all provided for the tenants.
This really is a high end hmo and doesn’t have much competition in Swindon. It stands out with its
*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.
The fee charged to the buyer in addition to the purchase price.
The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £460,000.
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