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5 bedroom terraced house for sale

NOW SOLD.......STUDENT INVESTMENT LET 2017/2018 & 2018/2019 Ulcombe Gardens

Withdrawn from Market £299,950

Property Description

Key features

  • Student Rental Investment Property
  • 5 Bedroom House with spacious accommodation, including a lounge and large conservatory
  • Well-presented throughout with a modern kitchen and bathroom
  • Great Location being close to the UKC
  • Monthly Rent of 1,700 PCM (340 x 5)
  • Return on Investment (ROI) of around 6.2%

Full description

NOW SOLD........Gordon Miller Property Consultants are delighted to offer this well-presented 5-Bedroom House, which is situated within this modern development that is located in an enviable position due to its close proximity to the University of Kent (UKC). The size, condition and layout of this property is ideal for sharers and it certainly sits amongst the very best student let accommodation that we have seen and with this in mind it is little surprise that it always draws a high-level of interest in what has become a more competitive industry. The ground floor has a fully fitted kitchen with white goods, WC, two bedrooms, lounge, large conservatory and access to a low maintenance rear garden. On the First floor there are three further bedrooms and a shower room. This 5-bedroom property is let for this academic year 2017/2018 at £1,700 per month (£340 each x 5). The Tenancy Agreement is for 11 months and this equates to a rental income of £18,700 per annum. The Return on Investment (ROI) is around 6.2%, which makes this an attractive turn-key Investment Property purchase. The property is let through Sally Hatcher Estates, who can be contacted on 01227 733888, and they would be happy to look after the property on behalf of the new investor, which makes this a more straight-forward opportunity. When seeking an Investment Property it is imperative to look at whether the house would appeal to other rental market sectors, such as professional sharers or a family and 2 Ulcombe Gardens ticks all of the boxes. In conclusion, this turn-key Investment Property is in a great location for students, has a proven track-record of successful rentals, has been looked after by the landlords and has spacious communal areas, which helps set it apart from others. The property is now let for the next academic year 2018/2019 and it is therefore not suitable for buyers looking to purchase for their children.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
30 October 2017

Floorplans

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