Property Description

This HMO has been recently finished to an exceptional standard and could earn it’s new owner a rental income in excess of £40,000 per annum once fully let, offering an extremely generous yield. Current annual income of £21,840. The property has a full HMO licence for six people, and is sold part let, part vacant with tenants already in situ in three rooms. The property is close to reaching it’s income potential and has further scope for development subject to any necessary consents. The auctioneers have not inspected the property internally but are informed the accommodation benefits from a high spec kitchen with electric ceramic hob with double oven, American fridge freezer, washing machine, dryer, toaster and microwave. The double bedrooms have en-suites and are furnished with wardrobes, chest of drawers and side tables. There is a communal dining/seating area, conservatory and good sized front and rear gardens. All rooms are fitted with fire doors (FD30), fire safety down lights, noise reduction flooring, acoustic partition walls. Each room, kitchen and communal areas are integrated with fire, smoke and heat alarm systems. The property is located close to Desborough Park, Vanwall Business Park and GSK Factory. Local amenities such as super markets, high street shops and transport links are all within close proximity.

Room One

Double en-suite. Potential rental income £700 pcm (£8,400 per annum). Current rental income £625 pcm.

Room Two

Double en-suite with garden access. Potential rental income £700 pcm (£8,400 per annum), Currently vacant.

Room Three

Double en-suite. Potential rental income £650 pcm (£7,800 per annum). Current rental income £595 pcm.

Room Four

Double en-suite. Potential rental income £700 pcm (£8,400 per annum). Current rental income £600 pcm.

Room Five

Single with access to own shower and wc. Rental income £600 pcm (£7,200 per annum). Currently vacant.

Occupancy

Part let; part vacant. See legal pack for further information.

Tenure

Freehold

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