Allt Street, Parkgate, Rotherham

TENANTED HMO INVESTMENT | FOUR DOUBLE BEDROOMS | £19,740 ANNUAL INCOME | GUIDE PRICE £90,000 - £100,000

Turnkey HMO investment opportunity with tenants in situ, providing an immediate rental income from completion.

This well configured four bedroom HMO offers an excellent opportunity for investors seeking a straightforward, income producing property.

The property comprises four double bedrooms, with each room benefiting from its own kitchenette, providing tenants with a degree of privacy and independence. Each room is also individually secured with its own lockable door.

There is a shared bathroom serving the property, comprising a shower, WC and wash hand basin.

The property has been designed without traditional communal living areas, with each bedroom providing sufficient space to accommodate both a bed and seating, alongside the individual kitchenette. This makes the accommodation particularly suited to tenants seeking self contained living facilities while remaining within an HMO arrangement.

Investment Highlights

• Four double bedroom HMO
  

• Individual kitchenette within each bedroom
  

• Own lockable door to each room
  

• Shared bathroom with shower, WC and wash hand basin
  

• Tenants in situ
  

• Current annual rental income £19,740
  

• Turnkey investment opportunity
  

• Income producing from completion, subject to the existing tenancy arrangements
  

• Guide Price: £90,000 - £100,000
  

• EPC Rating: E
  

• Council Tax Band: A
  

At the guide price range, the stated annual income of £19,740 represents a rental yield of approximately 19.7% - 21.9%, before allowing for operating costs, voids, management, maintenance, utilities, compliance and other expenses.

This is an opportunity to acquire an established, tenanted HMO with income already being generated, making it worthy of consideration by both experienced HMO investors and those looking to add a higher yielding property to their portfolio.
Get ready for speedier, smoother and more successful sales with Sale Ready properties!
The vendors have opted to provide a legal pack for the sale of their property which includes a set of searches. The legal pack provides upfront the essential documentation that tends to cause or create delays in the transactional process.
The legal pack includes:

• Evidence of title
• Standard searches (regulated local authority, water & drainage & environmental)
• Protocol forms and answers to standard conveyancing enquiries

Early viewing is highly recommended.