Property description
SUMMARY/AGENTS NOTES Currently 1224sqft over two storeys as a fully licensed five double bedroom HMO with three bathrooms and let over the next year with an income of £21,725 but also with planning permissions granted for further expansion and conversion into three apartments.
This very substantial Victorian end terrace not only has far more space than the average student let in the area but is also in a very convenient spot for bus routes & Moorland Rd, is stacked full of retained character and even has a south facing garden.
Ideal investment as it sits but with potential for enhancement (additional bedrooms subject to re-licensing) or an alternate exit route if required. Sole Agents.
Licensed for five occupants. HMO License expiry date 31/12/2018 License reference number 14/01368/HMOADD
Let via Trustease at present and then from 01/09/2016 to 31/07/2017 to five students at £395pcm per person. Total income for next academic intake therefore £21,725 before fees.
Planning permissions granted for both extension and conversion into three apartments. Details available via the BANES Planning Portal as follows;
Conversion of dwelling into 3no. flats and installation of rear dormer.
Application reference: 15/03381/FUL received on 27/07/2015
Application status: Application Permitted
Erection of single storey side and rear extensions incorporating a relocated outbuilding
Application reference: 15/01402/FUL received on 25/03/2015
Application status: Application Permitted
ENTRANCE HALL Part glazed top lit panelled front door, dado rail, corniced ceiling, original encaustic tiled floor, part decorative glazed internal door, storage heater, cloaks area, staircase to first floor with cupboard under.
BEDROOM 1 Two double glazed front windows, picture rail, dado rail, storage heater.
BEDROOM 2 Double glazed side window, storage heater, picture rail.
KITCHEN Velux skylight to side, understairs pantry, dining area, range of base and wall units with laminated worktops and inset sink/drainer, cooker point, storage heater.
SHOWER ROOM 1 Low level W.C, handbasin, corner shower cubicle, extractor fan.
LOBBY Storage cupboard with shelving.
SHOWER ROOM 2 Low level W.C, handbasin, corner shower cubicle, extractor fan, large utility cupboard with plumbing for washing machine and space for tumble dryer.
SITTING ROOM Double glazed rear and side windows, double glazed side door to rear garden, storage heater.
LANDING Loft access leading to large loft space with Velux window, double linen cupboard, dado rail.
BEDROOM 3 Two double glazed front windows, storage heater, original cast iron fireplace, picture rail.
BEDROOM 4 Double glazed rear window, storage heater, built in double wardrobe with cupboards over, picture rail, original cast iron fireplace.
BATHROOM Side window, low level W.C, pedestal basin, panelled bath with shower over, part tiled walls, extractor fan.
BEDROOM 5 Double glazed rear window, storage heater, original cast iron fireplace, picture rail, wall cupboards and hanging alcove rail.
REAR GARDENS 28ft x 19ft plus side return
South facing - gravelled terrace with fences to side and side access. Two storage sheds.