A excellent opportunity to acquire an established 6 bedroom student property offering excellent returns.
A detached 6 bed house is presented to an exceptional standard having undergone a full refurbishment in 2016 with additional upgrades over recent years. This property is located in the heart of the most popular student area, St James and set in a private cul-de-sac, only a short walk to the city centre and uni campus. The popular St James pubs 'The Victoria Inn' and 'The Wells Tavern' are just around the corner.
This property has 6 spacious double bedrooms, 2 bathrooms, a large kitchen / dining room and separate living room, it has been presented to an excellent standard and has been extremely popular with students over recent years. To the front of the property is a private courtyard garden and to the side are 2 off road parking spaces.
Income details:
The property is currently let for the current (25/26) and next (26/27) academic years, details below:
Current and next years tenancy: £178pwpp / £4,638pcm on an 11 month AST (tenants pay their own bills) = £51,018 per annum.
This offers investors an excellent gross return of 8.03%.
Ground floor:
Entrance hallway
Bedroom 6 - large front facing double bedroom with patio doors
Bedroom 5 - side facing double bedroom with a door onto the driveway
Bathroom 1 - modern shower room with a WC
Kitchen diner - large open plan kitchen diner with a high spec kitchen, modern appliances and a large skylight
Living room - front facing living room with plenty of seating space, wall mounted TV and doors to the garden
First floor:
Bedroom 1 - large double room
Bedroom 2 - medium size double room
Bedroom 3 - large double room with dual aspect
Bedroom 4 - medium double room
Bathroom - modern shower room with a WC
WC
Outside:
Double driveway to the side of the house
Enclose front garden with a large veranda, picnic bench seating and bin + cycle storage.
Furnishing: The property is fully furnished which will be included within the sale, subject to negotiation.
Parking: The property has a private driveway for 2 cars, further spaces are often available in the cul-de-sac
Tenure: Freehold.
Article 4 planning: The property has a certificate of lawfullness for C4 planning and a current HMO licence for 6 people.
Agent note: The vendor of this property is related to a member of the Hellier Ridley team
E
Freehold
