Property description
Attention investors looking for an attractive and immediate return. This 4 bedroomed licenced HMO property is currently let until January 2016 at a current rent of £340 per week, which has historically equated to an annual rental in the region of £12,000 per annum showing a 9% gross yield based on the present asking price.Having the benefit of modern kitchen and bathroom fittings, gas fired central heating and being double glazed throughout this mid terraced property is situated in the popular Hirael area of the city and whilst historically having been used as a family house, the property was given a 5 year license in 2012 as a 4 bedroomed HMO investment property, with the current occupants having signed an agreement until January 2016 paying £85 per room per week.
Ground Floor
Entrance Vestibule
With UPVC double glazed entrance d and internal door to:
Inner Hallway
Having stairs leading up to the first floor.
Bedroom 1 - 10' 8'' x 9' 0'' (3.25m x 2.74m)
UPVC double glazed window to front, and double radiator.
Lounge - 10' 1'' x 6' 7'' (3.07m x 2.00m)
Double radiator, and being open plan into:
Kitchen - 13' 5'' x 10' 10'' (4.08m x 3.30m)
Which is fully fitted with a wealth of modern wall and base units incorporating a fitted oven, and 4 ring hob. UPVC double glazed window and door to the rear.
Spacious First Floor Landing
Bedroom 2 - 10' 6'' x 9' 5'' (3.20m x 2.87m)
UPVC double glazed window to front, and double radiator.
Bathroom
With three piece suite of panelled bath, wash hand basin and wc. tiled walls and floor. Single radiator and UPVC double glazed window to rear.
Bedroom 3 - 10' 7'' x 7' 4'' (3.22m x 2.24m)
UPVC double glazed window to rear, and single radiator.
Second Floor
Approached via a conventional staircase from the first floor landing
Bedroom 4 - 14' 1'' x 9' 0'' (4.30m x 2.75m)
Double glazed velux window to front, and double radiator.
Outside
To the rear of the property is a small low maintenance garden area providing a private seating area with garden storage shed.
Property Features :
- 4 Bedroomed HMO Investment Property
- Popular Hirael Location within 300 Yards of High Street
- Modern Kitchen and Bathroom Facilities
- Gas Central Heating and Double Glazing
- Excellent Decorative Order Throughout