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8 bedroom detached house for sale

Parkwood Road, Bournemouth

Guide Price £500,000

Property Description

Key features

  • * Large character 8-bedroom house.
  • * Full HMO License.
  • * Generating 42,000 per annum delivering an impressive 8.5% yield!
  • * 8 letting rooms and 3 modern shower rooms.
  • * Great location - near town centre, beaches and various university buildings.
  • * Owned by current owner for last 15 years (98% occupancy achieved over this time).
  • * Sold as a going concern, fully furnished and with tenants in situ.
  • * Off road parking for 1 car and a rear garden.
  • * Potential to redevelop into 5 self-contained flats STPP.
  • * Call Anderson Reid Estates to book a viewing on 01202429858

Full description

ATTENTION INVESTORS! Large HMO property generating £42,000 income per year which delivers an impressive an impressive 8.5% rental yield. FULL HMO LICENSE, 8 large bedrooms, beautiful character building. Located near town centre, beaches and various university buildings. This investment property has been owned by the current owner for the last 15 years and has been well maintained over the years. A great value and high yielding investment property.

Description
This is a wonderful opportunity to acquire a high yielding property with a full HMO license. This investment currently generates £42,000 per annum which delivers an impressive 8.5 % rental yield. The property has been managed well over recent years and boasts an impressive 98% occupancy.

The property is a large semidetached character property with accommodation split over 3 floors. There are 8 letting rooms, a communal kitchen and open plan lounge, 3 modern shower rooms, off road parking for 1 car and a rear garden. The property is being sold as a going concern, fully furnished and with tenants in situ which will deliver an income from day 1!

The location is very popular for room rentals and is located near Bournemouth Town centre, beaches and various university buildings. There is a plethora of bus routes and transport links nearby and is walking distance to banks, restaurants, shops and a post office. Only a 5-minute walk to the beach and located in a popular road in BH5.

Due to the size of the property, we believe planning would be granted to convert this building into 5 self-contained flats. We believe more units could be achieved through a larger scale development, if desired. We encourage any interested parties to make their own enquiries with Bournemouth Council.

Contact Anderson Reid Estates to book a viewing on 01202429858 or visit us at www.andersonreid.com. Please note that the property is tenanted, and 24 hours’ notice will be needed to arrange access.


Listing History

Added on Rightmove:
09 May 2018

Floorplans

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Floorplan - 7, Parkwood Road, BOURNEMOUTH, BH5 2BP(2)

Map & Street View

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