A large Victorian semi detached property moments from Wellfield and Albany road with five self contained flats needing full refurbishment. The property can be purchased vacant possession.
The property is set over three floors and has a large extension to the rear currently generating £2,600 PCM, £31,200 over the course of the year, generating a healthy yield subject to works of 7.8%.
The accommodation is accessed through a communal hallway with a two bedroom apartment to the ground floor. On the first floor is a further two bedroom and one bedroom apartment and a large two bedroom to the top. There is a further one bedroom apartment accessed from the rear with it’s own private entrance.
Flat 1 – £600 Flat 2 – £450 Flat 3 – £400 Flat 4 – £550 Flat 5 – £600
The property has a full HMO in place till 2022.
- INVESTMENT OPPTUNITY
- FIVE FLATS
- FULL REFURBISHMENT
- HMO 2022
- £2,600 PCM