Milton Road, Swindon, Wiltshire
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
7
- BATHROOMS
7
- SIZE
3,294 sq ft
306 sq m
- 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
- 10 Bed All Ensuite HMO
- Excellent Investment Location
- Beautifully Maintained Throughout
- Gross Income - £85,044
- Gross Yield - 11.33%
- Buyers Fee - 1.5% Inc VAT
Description
The property is a 10 bedroom all ensuite HMO spread across 4 floors with 2 kitchens and has been maintained to a high standard throughout. Room 1 is a studio, and all en-suite bedrooms are doubles.
Purchased in 2018 the owners have fully developed the tired commercial building into a well loved home for tenants that has been thoughtfully designed to allow maximum bedroom sizes with a modern neutral décor throughout.
The property is currently self- managed by the current owners and has been very well maintained.
Currently generating an income of £7,087 per calendar month / £85,044 per annum, the property has always performed well with high demand and long standing tenants over 4 years and has a excellent occupancy rate of 99%. Based on current income the property offers a 11.33% gross yield. Full rental financials and expenditure is available upon request.
There are 2 parking spaces at the rear of the property and there is also the option for tenants to purchase a reduced annual season ticket at the Bristol Street Car park which is in within walking distance (6-minute walk).
Situated in Swindon beside Faringdon park, the property benefits from a central town location. The Brunel shopping centre is 0.2 miles away (5-minute walk), where there are also local cafes and restaurants. It has fantastic transport
links and is within 0.5 miles (10-minute walk) of Swindon Bus station and 0.7 miles of Swindon train station. Similarly, local amenities such as Tesco are easily accessible in 0.4 miles (8-minute walk).
An excellent investment opportunity for new or seasoned investors to add to their portfolio!
Get in touch with the team today for more information.
- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Milton Road, Swindon, Wiltshire
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Visit our security centre to find out moreDisclaimer - Property reference SQN-92630741. 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 SFT Property Services, Covering Nationwide. 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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