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Brilliant 15 Bed HMO Property & 3 x 2 Bed Flats

£ 620,000 For Sale
Freehold Bedroom Detached House HMO Property For Sale
Thornton Road Morecambe Lancashire LA4
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1106
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0203 970 4112
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Price : £ 620000
Gross Yield : 13.61 %
Gross Monthly Rent: £ 7033

A high yielding, well maintained, substantial freehold five-storey Detached house located in an established residential area close to Morecambe Centre.

HMO licensed until 2021 with good quality tenants producing an income of £ 84,396 per annum, giving a rental yield of 13.61%

Comprising 3 x  self-contained 2 bed flats and 15 letting rooms with all the required amenities

Property Sub Type: Detached House
No Storeys: 5
Tenure: Freehold
Construction: Brick & Tile
Condition: Good
Garage: None
Additional Parking: Off-road
Heating: Gas Central Heating
Double Glazing: Part
Tenant Type: Working
Fully Tenanted
Great Location
Strong Rental Demand
Capital Growth Potential
Good Transport Links
Fully Managed
Wifi Enabled Heating
Wireless Broadband
Shared Kitchen Dining Area
HMO Compliant Fire Alarm
Single: 1
Single Ensuite: 2
Double: 2
Double Ensuite: 10
2 Bed Flat: 3
Room Type: Price
Single Room / Ensuite £ 346
Double Room / Ensuite £ 368
Double Room / Ensuite £ 395
Double Room / Ensuite £ 385
Double Room / Ensuite £ 412
2 Bed Flat £ 435
Single Room / Shared Bathroom £ 347
Double Room / Shared Bathroom £ 338
Double Room / Shared Bathroom £ 385
2 Bed Flat £ 495
2 Bed Flat £ 425
Double Room / Ensuite £ 477
Double Room / Ensuite £ 385
Double Room / Ensuite £ 385
Double Room / Ensuite £ 385
Double Room / Ensuite £ 385
Double Room / Ensuite £ 385
Single Room / Ensuite £ 300
Gross Monthly Rent: £ 7033
HMO Licence Required: Yes
HMO Licence In Place: Yes
HMO Licence Expiry Date: 20-04-21
Licensed No of Persons: 24
Licensed Units of Accomodation: 16
Planning Use Class: Sui Generis
Gas:£ 132
Electric:£ 244
Water:£ 80
Broadband:£ 52
Insurance:£ 100
Cleaner:£ 60
Council Tax:£ 220
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