58 Stapleton Lane, LE9

Investment Consideration:
Gross Initial Yield: 9.53%
Rental Income: £30,960 p.a.
VAT is NOT applicable to this property
Comprises mid-terrace house arranged as a 4-bed HMO
Potential to add additional room to make 5-bed HMO with obtaining consent from local council
Benefits from driveway at front and large garden at rear
Occupiers nearby including Co-Op Food, Post Office, Takeaway`s, Barber shop and more.

Property Description:
Comprises mid-terrace 4-bedroom HMO with driveway at front and large garden at rear, providing the following accommodation and dimensions:
Ground Floor: 50 sq m (538 sq ft)
3 double rooms (en-suite), kitchen
First Floor: 40 sq m (430 sq ft)
1 large double (en-suite)
2 lounges
Total GIA: 90 sq m (968 sq ft)

Tenancy:
Room 1 is at present let on AST to an Individual for a term of 12 Months from 17th June 2024 at a current rent of £7,800 p.a. Deposit held of £650.
Room 2 is at present let on AST to an Individual for a term of 3 Months from 12th June 2024 at a current rent of £7,020 p.a. Deposit held of £585.
Room 3 is at present let on AST to an Individual for a term of 6 Months from 30th April 2023 at a current rent of £7,140 p.a. Deposit held of £300.
Room 4 is at present let on AST to an Individual for a term of 12 Months from 11th August 2023 at a current rent of £9,000 p.a. Deposit held of £750.

Location:
Barwell is a large village in Leicestershire on the northern outer edge of Hinckley, historically known for its manufcaturing of textiles, hosiery and footwear. The village has easy access to the A47 and in close proximity to the M1, M5 and M6. Hinkley is 3 miles to the south west, 12 miles from Leicester to the north east and 17 miles from Coventry to the south west. Property is situated within short walk from the village high street, with occupiers nearby including Co-Op Food, Post Office, Takeaway`s, Barber shop and many more.