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5 bedroom terraced house for sale

Flass Street

Sold STC £375,000

Property Description

Key features

  • Student Investment
  • 8.34% Yield
  • £31,285.76 p.a Gross Rent
  • Viaduct Location
  • Guaranteed Rent Scheme Available

Full description

VIADUCT LOCATION, STUDENT INVESTMENT, GROSS YIELD OF 8.34%, HMO, RENTAL OF £31,285.76 P.A.

This is a rare opportunity to purchase a student investment on Flass Street which will not be effected by the new Article 4 Direction which comes into force in September 2016. The gross rent is currently £31,285.76 p.a.

This four storey HMO consists of five double bedrooms, two bathrooms, a large living room, kitchen and yard to the rear.

The lower ground floor has a double bedroom which has been fully damp proofed to ensure full use of the room is achieved, the window is also fully compliant with HMO regulations as an escape window to assist with future HMO applications. The ground floor has a large living room off the entrance hallway, a large double bedroom and the kitchen. To the first floor there are two large double bedrooms and a bathroom that has a separate bath and shower cubicle. The second floor has the final double bedroom and a separate shower room. Residents of the property are able to apply for a car parking permit to park at the front of the property, in the parking bays.

The property is currently fully tenanted until June 2017 and is managed by Bill Free Homes to ensure the highest possible rent is achieved for the property, year on year. The property has a strong history of no voids, due to the condition of the property and its location. Bill Free Homes also offer a guaranteed rent scheme on this property to safeguard your investment for up to six years.

Viewings can be arranged by calling Elvet Estates on 0191 375 7000


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
22 August 2016

Floorplans

Map & Street View

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