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Super 6 Bed Professional HMO

£ 400,000 For Sale
Freehold Bedroom Detached House HMO Property For Sale
Meadow Way Hereford Herefordshire HR2
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0203 970 4112
Price : £ 400000
Gross Yield : 9.08 %
Gross Monthly Rent: £ 3027

This property is a three-storey executive detached house, built 2007, with just under 2,000 sq. ft of accommodation with a double garage and parking for six cars around the property, front and rear gardens, see house layout plan for details. The property is within a 15-minute walk to the City centre, Skylon Science park and University.

The property is licenced by Hereford council for 6 persons (this could be increased to 7 persons with the necessary planning permission). The property has 6 double bedrooms which are all single occupancy. The clients are all working professionals. The property is fully occupied with clients, which is fully managed by a specialist HMO management/letting agent.

The property has all the health and safety, fire doors, fire alarm system, fire extinguishers and fire blanket.

The communal area consists of ground floor, very large lounge dining area, w/c, hallway and kitchen dining room.

First floor, wide landing, family bathroom with shower over bath, toilet and washbasin and storage cupboard, study room.

Second floor, landing, shower room with toilet and wash basin and storage cupboard

The bedrooms are fully furnished and decorated to a very high standard (communal areas have just been redecorated).

With the extra room subject to planning (minimal modification required, stud wall and new fire door from kitchen dining room to the lounge), the yearly rental income could be increased by £5,400.00, making a yearly income of £41,179.92.

The property is fully furnished with everything required to operate as a running HMO with clients and management in place, there would be no other costs involved.

Property Sub Type: Detached House
No Storeys: 3
Tenure: Freehold
Construction: Brick & Tile
Condition: Excellent
Garage: Single
Additional Parking: Off-road
Garden: Rear
Heating: Gas Central Heating
Double Glazing: Full
Tenant Type: Professional
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: 4
Double Ensuite: 2
Kitchens: 1
Reception Rooms: 1
Ensuite Bathrooms: 2
Shared Bathrooms: 2
Separate WCs: 1
Room Type: Price
Double Room / Ensuite £ 575
Double Room / Ensuite £ 545
Double Room / Shared Bathroom £ 465
Double Room / Shared Bathroom £ 495
Double Room / Shared Bathroom £ 500
Double Room / Shared Bathroom £ 412
Single Room / Ensuite £ 35
Gross Monthly Rent: £ 3027
HMO Licence Required: Yes
HMO Licence In Place: Yes
HMO Licence Expiry Date: 01-08-25
Licensed No of Persons: 6
Licensed Units of Accomodation: 6
Gas:£ 60
Electric:£ 59
Water:£ 71
Broadband:£ 21
TV Licence:£ 12
Insurance:£ 35
Cleaner:£ 75
Council Tax:£ 233
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