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Established 5 Bed HMO Andover

£ 215,000 For Sale
Freehold Bedroom Mid-Terraced House HMO Property For Sale
Venice Court Andover Hampshire SP10
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1617
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0203 970 4112
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Price : £ 215000
Gross Yield : 9.44 %
Gross Monthly Rent: £ 1692

Owned and operated as an HMO since 2004.

Andover has a very low unemployment rate and as such finding tenants couldn’t be easier.

I rarely need to source tenants myself as most of the current tenants work together and prefer to live with people they know from work. As such there is a fairly low turnover of tenants lived there for almost 10 years, the others have lived there for 2-4 years.

From the owner “In recent years, there has been barely a day or so between one tenant leaving and another moving in.  This arrangement also has the benefit of the residents living together more harmoniously.  The property had a new bathroom and two bedrooms were re-carpeted this year and the communal areas benefited from a reaint recently. All tenants are Polish speaking but also speak excellent English.  There is a small easily manageable back garden, mainly paved with a shed and plenty of communal parking.”

Licence renewed this year.

 

Property Sub Type: Mid-Terraced House
No Storeys: 3
Tenure: Freehold
Construction: Brick & Tile
Condition: Average
Garage: None
Additional Parking: On-road
Garden: Rear
Heating: Gas Central Heating
Double Glazing: Full
Tenant Type: Working
Fully Tenanted
Fully Refurbished
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
Double: 5
Kitchens: 1
Reception Rooms: 1
Shared Bathrooms: 2
Room Type: Price
Double Room / Shared Bathroom £ 409
Double Room / Shared Bathroom £ 348
Double Room / Shared Bathroom £ 283
Double Room / Shared Bathroom £ 304
Double Room / Shared Bathroom £ 348
Gross Monthly Rent: £ 1692
HMO Licence Required: Yes
HMO Licence In Place: Yes
HMO Licence Expiry Date: 27-09-24
Licensed No of Persons: 7
Licensed Units of Accomodation: 5
Gas:£ 100
Electric:£ 117
Water:£ 89
Broadband:£ 41
TV Licence:£ 13
Insurance:£ 15
Council Tax:£ 156
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