Newly refurbished HMO investment opportunity comprising 7 en-suite bedrooms.
The existing building comprises a semi-detached property arranged across ground, first and second floors and is arranged as 7 en-suite studio rooms.
6 of the rooms are currently rented, generating a combined passing rent of £54,300 per annum, reflecting an initial yield of 7.76% at the asking price.
Planning has recently been granted for a 7th bedroom under planning reference 23/06208/FUL. The 7th bedroom is already fitted out and ready for a tenant to move in.
Room 7 was just re-let at £850pcm. Based off the most recent letting, the property has an ERV of £71,400 per annum, reflecting an initial yield of 10.20% at the asking price.
Location
The property is located on Micklefield Road and is within a 5-minute walk of High Wycombe railway station, providing direct services to London Marylebone in approximately 30 minutes.
Accommodation
Newly refurbished HMO with 7 en-suite bedrooms.
Terms
Tenure - Freehold
Price on Application