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4 bedroom terraced house for sale

New Street, Newport, Isle of Wight

Sold STC £230,000

Property Description

Key features

  • Fully licensed HMO
  • 5 letting rooms all with en suites
  • Beautiful communal lounge
  • Lovely rear garden
  • Great location close to town & transport links
  • EPC energy rating C (69)

Full description

Tenure: Freehold

Investment buyers will love this one. This large house has been adapted to a fully licenced HMO with 5 bedrooms, 4 of the rooms have en-suites and the 5th bedroom has its own private bathroom. It has been done to a very high standard and mainly aimed at the working professionals. The house has a large communal lounge area with BT television and Wifi all provided for the tenants. The large kitchen is modern with storage and refrigeration space provided for each tenant. The kitchen also houses washing and drying facilities. The house has a wonderful rear garden with a lovely patio and lawned area leading to the decking area beyond which is great for the residence to use in the summer to relax on those warm evenings after work. The home brings in a super monthly return and when all 5 rooms are let you are looking at approximately £2,300 per month. We have seen a few HMO’s sell over the years but this has to be one of the best ones we have seen and in this condition, is sure to get snapped up and make someone investment.

What the Owner says:


When we were looking to by a HMO we could not find one to suit the criteria suitable for working professionals. The size of this house enabled us to renovate and provide the rooms and private facilities we were looking for. The finished house has been a successful project and with relevant approval from the Housing we have been able to run as a 'Fully Licensed HMO' with all modern safety and fire regulations in place. We have run the HMO ourselves and when a room came available, we had no problem filling them. Working professionals is the niche market we have been looking for as the house is in such good order. The tenants have all the comforts of a normal household including washing and drying facilities, Wifi and BT sports in the communal lounge.

Room sizes:

  • Entrance Hall
  • Lounge: 12'6 x 11'8 (3.81m x 3.56m)
  • Kitchen Area: 9'11 x 7'2 (3.02m x 2.19m)
  • Utility Area: 11'7 x 7'3 (3.53m x 2.21m)
  • Bedroom 3: 11'9 x 10'1 (3.58m x 3.08m)
  • En Suite
  • Landing
  • Bedroom 1: 15'0 x 12'4 (4.58m x 3.76m)
  • En Suite
  • Bedroom 4: 9'10 x 8'1 (3.00m x 2.47m)
  • En Suite
  • Landing
  • Bedroom 2: 15'7 x 10'9 (4.75m x 3.28m)
  • En Suite
  • Bedroom 5: 10'9 x 7'2 (3.28m x 2.19m)
  • Bathroom
  • Rear Garden

 
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.


More information from this agent

Listing History

Added on Rightmove:
08 November 2017

Map & Street View

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