- Large 5 Bed HMO
- Popular HYDE PARK
- Excelent Rental Uplift Potential
- Spacious Unconverted Basements
- Current Income of £19,292 per annum
- Potential Rents of Circa £31k - MUST SEE
- EPC RATING - D
WE ARE INSTRUCTED BY THE VENDORS TO REQUEST BEST & FINAL OFFERS BY 4PM WEDNESDAY 16TH SEPTEMBER 2020.
PRIME HYDE PARK LOCATION WITH EXCELLENT RENTAL UPLIFT POTENTIAL!
Situated in a highly popular letting location, this very versatile and elevated five bedroom through terrace must provide excellent opportunity to increase rents by utilising the good sized unconverted basement chambers to either increase the number of bedrooms or to create a separate self contained flat, all subject to the usual planning and HMO contents.
An attractive investment opportunity and viewings are an absolute must! In brief the characterful accommodation comprises; entrance hall, spacious lounge with bay window and separate dining kitchen, downstairs wc and washbasin. Three first floor bedrooms and a shower room and wc with a further two bedrooms and bathroom and wc on the second floor. Externally, there is a small garden to the front with the basement benefiting from is own access and a recently paved, attractive low maintenance rear yard.
Let to five at £19,292 PA until 30th June 2021 and following internal improvements, in our opinion has the potential to be in excess of £32k!
The property has an HMO License for a permitted occupancy level of five persons valid until 5th July 2022.
DUE TO IT'S CLOSE PROXIMITY TO THE MAIN UNIVERSITY, STRONG LETTING HOT SPOT & BASEMENT POTENTIAL - THIS IS NOT TO BE MISSED!