Tettenhall Road, Wolverhampton, West Midlands, WV1
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
14
- BATHROOMS
5
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment Property
- Freehold Opportunity
- Income Boost Potential
- Rooms Tenanted
- Central Location
- Licensed HMO
Description
Buying this unique property would be ideal for a property investor due to the availability of cash-flow as all rooms are already occupied by tenants. This is an ideal Investment Property, the building is in a great condition requiring no major works.
This licensed HMO located just West of the Centre of Wolverhampton, has a total of 14 bedrooms and 13 are currently let. The rooms sizes are a mixture of singles and doubles. The tenants are currently paying between £280-£300/room per month with bills included and are on rolling contracts.
The two-storey property comprises:
* 14 bedrooms with 13 bedrooms; all refurbished and in good condition.
* 2 kitchens
* 3 toilets
* 2 shower rooms
* 1 bathroom
All communal spaces are fully equipped.
All furnishings included in the sale.
The tenure for this property is Freehold allowing the buyer to have maximum control over the property. Any maintenance costs are the responsibility of the tenants renting the rooms.
The location is a great amenity for this property as it is situated on the main road into Wolverhampton from the West. There are extremely frequent public transport available on this road and the Wolverhampton Railway and Bus Station are within walking distance. The picturesque West Park is a couple of minutes walk away and supermarkets are just around the corner.
Main information
* Freehold Opportunity
* Investment Property
* Rooms Tenanted
* Potential for Income to be Boosted
* Central location
* Minimum Turnover Potential - £43,680
Please note, there is a current HMO licence in place. The HMO Licence is not transferable to future owners. Please make your own enquiries with Wolverhampton City Council regarding this matter.
For Sale Price upon Application
Please contact R&R Properties now if you are interested in this property.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Tettenhall Road, Wolverhampton, West Midlands, WV1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverhampton St George's Tram Stop1.0 miles
- Wolverhampton Station1.1 miles
- The Royal Tram Stop1.4 miles
About the agent
R & R Properties, Wolverhampton
THE OLD COACH HOUSE 13A UPPER GREEN MEWS TETTENHALL WOLVERHAMPTON WV6 8QH
R&R Properties are an independent Sales and Letting company offering property owners, landlords and investors a great service.
Our services include Residential Sales and Lettings, as well as Property Sourcing. If you want an efficient and trustworthy Tenant Find Service, reliable tenants or the full property management package, if you value good quality service, insist on attention to detail, want to be protected by a company with traditional local values but need the benefit of
Industry affiliations
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Visit our security centre to find out moreDisclaimer - Property reference hmotettenhall. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by R & R Properties, Wolverhampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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