SUMMARY Are you in search of a prime investment property to generate instance cash flow? Look no further! We're thrilled to present this exceptional 5 bedroom, 5 en-suite House in Multiple Occupation (HMO) generating a gross yield of 9.8%!
KEY FEATURES High Yield Investment: With an impressive rental income of £34,500 per year, this property boasts a remarkable 9.8% gross yield. It's a golden opportunity to secure a solid return on your investment.
Fully Licensed: Rest easy knowing that this HMO property is fully licensed until 2027. The peace of mind that comes with a valid license helps to ensure a smooth and profitable operation for years to come. This property received a 5-year license in 2022.
Turnkey Investment: This property is the epitome of a turnkey investment opportunity. With all the essentials in place and a proven track record of income generation, you can step into the world of HMO property investment with confidence.
Prime Location: Situated in a desirable location, this HMO enjoys easy access to local amenities, transport links, and educational institutions. It's a sought-after area for tenants, ensuring low void periods.
5 En-suite Bedrooms: Each of the 5 spacious bedrooms comes complete with its own en-suite bathroom, offering tenants a level of comfort and privacy that's highly attractive.
Fully Occupied: Currently, all five bedrooms are occupied, guaranteeing immediate income from day one. No need to spend time searching for tenants - they're already here!
PROPERTY OVERVIEW This HMO property has been meticulously maintained and is in excellent condition. It meets all safety and regulatory requirements, ensuring the well-being of your tenants and your investment.
The layout is designed for optimal functionality, with a shared communal kitchen/diner that promotes a sense of community among tenants while still allowing for privacy in their individual rooms.
INVESTMENT POTENTIAL With its high yield, solid rental income, and long license, this property offers an ideal investment for both seasoned investors and those new to the property market. The demand for quality HMOs remains consistently strong, making this an opportunity you don't want to miss.
ACT NOW Opportunities like this don't come along every day. To secure this excellent investment property, act now! Contact us today to arrange a viewing and discover how this fully licensed 5 bedroom HMO can become a valuable addition to your investment portfolio.
LOCAL AUTHORITY Norwich
COUNCIL TAX BAND B
DIRECTIONS From Earlham Road B1108 heading into Norwich, at the roundabout turn right onto Colman Road passing the Police Station on your left. Follow the road down before turning right onto South Park Avenue, adjacent to The Farmhouse Restaurant. Head past the Junior School and turn left onto Buckingham Road then right onto Sotherton Road. Turn right onto a continuation of Sotherton Road and the property can be found at the end.
We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Dragonfly Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further.
DISCLAIMER Whilst we have endeavoured to ensure these details are a fair and accurate representation of the property at the point of listing, please note that they are for guidance purposes only and we do not seek advice from the seller's legal representative or liaise with management companies, planning departments or building control in their preparation. We strongly advise that you inspect the property and surrounding area on Google maps and street view prior to viewing. Please also note the photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it.
Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.
Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.
More information on how we hold and process your data is available upon request or on our website.