Milton Road, Swindon, SN1
- PROPERTY TYPE
Terraced
- BEDROOMS
10
- BATHROOMS
10
- SIZE
Ask agent
- 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
- 10 bedroom HMO, all with ensuites
- Current annual income £85,044
- Current return of 11.33% with the opportunity to increase
- Offered in really good order throughout
- Central Town Centre location
- Buyers fee of 1.5% plus VAT
Description
House Group are delighted to offer to the market this fantastic ten bedroom HMO in the heart of Swindon's town centre - a prime location for HMO investors this property enjoys a 99% occupancy rate and a 11.33% gross yield.
The mid-terrace provides ten double bedroom, all with ensuite shower rooms, spread across four floors with the benefit of two well-appointed kitchens - all has been maintained to a high standard throughout. Room 1 is a studio.
Purchased in 2018 the owners have fully developed what was a tired commercial building into a well loved home for tenants which has been thoughtfully designed to allow maximum bedroom sizes with a modern neutral décor throughout.
The property is self- managed by the current owners and has been particularly well maintained.
Currently generating an income of £7,087 per calendar month / £85,044 per annum. The investment has always performed well with high demand and long standing tenants over 4 years and boasting an excellent occupancy rate of 99%. Based on current income the property offers a 11.33% gross yield. Full rental financials and expenditure are available upon request.
There are two parking spaces to the rear and there is the option for tenants to purchase a "reduced annual season ticket" at the Bristol Street Car park which is within a short walking distance of the property.
Situated in the town centre of Swindon and beside Faringdon Road Park, 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 a 10-minute walk of Swindon Bus station and 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!
Brochures
Particulars- 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.
- Band: E
- 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.
- Ask agent
- 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, SN1
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Visit our security centre to find out moreDisclaimer - Property reference NEW250507. 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 The House Group, Covering the South. 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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