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.