A excellent opportunity to acquire a 5 bedroom investment property with scope for high returns.
This 3 storey terraced property has been used as a student and professional houseshare let over recent years; it’s in need of some modernisation but will provide investors a great opportunity to acquire a property they can make their mark on and return it to the student or houseshare market and achieve excellent returns upward of 9-10%.
Should this property be modernised, we would expect it to achieve around £150 per week per person (£3,260pcm) on the student market, or around £575-£625 per room (£3,000pcm) on the professional houseshare market. Equally it would make an excellent family home.
Location: Situated on Bonhay Road, a prime City centre location that’s popular with students and professionals alike due to its proximity to the City centre, University and train station.
Ground floor:
Entrance hallway
Front facing living room with bay window
Bedroom 1 - medium sized double room
Good size kitchen facing the rear
Long utility area to the side of the house with a rear WC
First floor:
Bedroom 2 - very large front facing bedroom with bay window
Bedroom 3 - medium sized double room
Bathroom - shower and WC
Bedroom 4 - small double room
Second floor:
Bedroom 5 - medium attic double room with restricted head height
Outside:
Enclosed rear garden with artificial grass
Small front garden with storage for bins
Furnishing: The property is fully furnished which could be included within the sale, subject to negotiation.
Parking: The property is located in a residential permit area and would be eligible for 2 permits
Tenure: Freehold. The property is currently tenanted with the remaining few tenants due to leave by the end of April.
Article 4 planning: The property is located in the restricted article 4 planning zone, a planning applicaton to obtain a certificate of lawfulness is in the process of being submitted, please get in touch if you have any further questions or would like an update on that.
B
Freehold
