Prospect Road, Banbury, Oxfordshire
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
8
- BATHROOMS
8
- SIZE
1,916 sq ft
178 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
- High Yield
- Fully tenanted HMO
- 8 Bedrooms
- Town Centre Location
- Great Investment
- License for 9 Occupants
Description
Property Details:
Bedrooms: 8 spacious bedrooms, each with its own ensuite bathroom.
Two of the largest bedrooms (1a+7) have the luxury of their own kitchenette.
Furnished: The property comes fully furnished, ready for immediate rental or occupancy.
Rent Breakdown (Current Tenancy):
Room 1: 570
Room 1a: 605
Room 2: 450
Room 3: 530
Room 4: 550
Room 5: 575
Room 6: 480
Room 7: 680
Total Monthly Rent: 4,440
Total Annual Rent: 53,280
Gross Yield: 10.15%
Net Yield: 8.32%
The property is fully tenanted with long-standing tenants who have all been fully checked and passed referencing, ensuring they are reliable professionals. There is potential to increase rents to market rates, offering a higher return.
Market Rent Breakdown (Potential):
Room 1: 650
Room 1a: 750
Room 2: 575
Room 3: 595
Room 4: 595
Room 5: 595
Room 6: 595
Room 7: 775
Total Monthly Rent: 5,130
Total Annual Rent: 61,560
Gross Yield: 11.73%
Net Yield: 9.90%
Shared Amenities:
Kitchen/Dining Area: A shared kitchen and dining area equipped with multiple white goods. Each tenant has their own fridge for added convenience.
Outdoor Space: Low-maintenance garden with rear access to the road, perfect for outdoor relaxation and easy entry and exit.
Location & Accessibility:
Prime Location: The property is situated within walking distance of the town centre, offering easy access to shops, restaurants, and entertainment options.
Transport Links: The train station is within walking distance, making it an ideal location for commuters.
Investment Highlights:
High Yield: Enjoy a net yield of 8.32% from this fully tenanted property with the potential to increase rental income.
License for 9 Occupants: Offers flexibility for maximizing rental income.
Current Bills (Annual Costs):
Broadband (Plusnet): 358.27
Council Tax: 2,014.00
Thames Water: 1,034.00
EON (Electricity & Gas): 3,587.27
Fire Alarm (6-monthly service): 547.32
Annual Extinguisher Test: 105.00
Insurance: 652.75
Annual Gas Check: 60.00
Cleaner: 1,210.76
Turnkey Investment:
Fully furnished and tenanted, making it an excellent opportunity for investors looking for a hassle-free investment.
Don t miss this chance to acquire a lucrative HMO property in a sought-after location with excellent potential for rental growth. Contact us today for more information and to arrange a viewing!
Brochures
Client protection- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Prospect Road, Banbury, Oxfordshire
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*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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