- 6 Bedroom HMO
- Fully licensed and compliant
- Current Gross income: £31,460 PA - Potential £36,660 PA
- Fully occupied, sold with tenants in situ
- Close to local amenities
- All rooms let out from £390 - £565 pcm
- Potential to be 7 bedroom HMO
- Current Gross yield: 8.4% - potential 10.2%
- EPC C. Council tax band C
- EXCELLENT INVESTMENT PROPERTY
Excellent investment opportunity, fully let out to professionals with a potential return of 10.2% Gross. EPC C. Modern 6 bedroom HMO renovated to a high standard throughout within the last year. With potential to add an additional room to make it into a 7 bedroom HMO (this plan has been approved by HMO Licensing) Fully furnished throughout with Ikea furniture. All furniture, fittings and appliances included. This property comprises; entrance hall, downstairs W/C, kitchen diner with modern appliances, living room, downstairs bedroom and en-suite shower room. First floor; 3 bedrooms bedrooms and bathroom. Second floor, two bedrooms and shower room. Gas central heating as well as uPVC double glazing throughout. To the rear is low maintenance garden with gravel area and rear access in addition to parking for 2 cars. With all letting certification in place to meet HMO licensing compliance including, gas safety certificates, Electrical safety certificates and EPC (C). Council tax band C.
NO ONWARD CHAIN!
Situated in Chard, this property benefits from ideal central location to access local amenities. The nearest supermarkets, Tesco and Lidl are within a 10 minute walk. The local bus stop close by and only a 10 minute walk away from Chard Hospital. Ideally located close by to Numatic International Limited, a large employer in this area. Close by to all other amenities such as; pubs, pharmacies, cafes and town shops.
Income:
Total; £2621 PCM / £31,460.00 PA Gross Yield: 8.4%
Outline approval has been given by HMO licensing to turn half of the lounge into a 7th bedroom by erecting a dividing stud wall and door. This is estimated to cost in total approx £1500.
Total; £3055 PCM / £36,660 PA Gross Yield: 10.2%
Expenditure:
Gas/Electric £182 - Council Tax £162 - Water £59.50 - Cleaner £150 - Broadband £40 (Total: £593)
Total; £593 PCM / £7,116 PA
Entrance
Approaching the property is a paved path. Entrance via front door leading to entrance hall. Door to the W/C, kitchen and living room. Space for understairs storage. alarm panel for fire detection unit.
Kitchen diner
Fitted kitchen with an intergrated electric oven, 4 ring hob and extractor hood over, washing machine (new 2024), tumble dryer (New 2024), Tall drawer fridge, 7 drawer freezer. Plenty of base and wall units for each tenant to have their own cupboard space. Space for a dining table with chairs. Partially tiled walls. uPVC double glazed bay window to the front aspect. Wall mounted radiator.
Downstairs W/C
WC and wash hand basin. Wall mounted radiator.
Living room
Laminate flooring. uPVC double glazed window and double doors to the rear garden, TV point, furnished with modern sofas and coffee table. Wall mounted radiator. Door to Room 1.
Room 1 (Double with en-suite)
Bedroom on the ground floor with En-suite shower room off. Fully furnished with IKEA furniture. (Bed, wardrobe, desk, chest of drawer sand chair) uPVC double glazed window to the front aspect.
Room 2
First floor bedroom. Fully furnished with IKEA furniture. (Bed, Chest of drawers, wardrobe, desk and chair) uPVC double glazed window to the front aspect.
Room 3
First floor bedroom. Fully furnished with IKEA furniture. (Bed, Chest of drawers, wardrobe, desk and chair) uPVC double glazed window to the rear aspect.
Room 4
First floor bedroom. Fully furnished with IKEA furniture. (Bed, Chest of drawers, wardrobe, desk and chair) uPVC double glazed window to the rear aspect.
Shower room - 1st Floor
New shower room fitted in 2023, located on the first floor, walk-in shower cubicle, W/C, wash hand basin basin and extractor fan. Part shower panelled walls. uPVC double glazed window to the front aspect.
Room 5
Second floor bedroom. Fully furnished with IKEA furniture. (Bed, Chest of drawers, wardrobe, desk and chair) uPVC double glazed window to the front aspect.
Room 6
Second floor bedroom. Fully furnished with IKEA furniture. (Bed, Chest of drawers, wardrobe, desk and chair) Skylight.
Shower room - 2nd Floor
Shower room on the second floor, shower cubicle, W/C, wash hand basin and extractor fan. Part tiled walls. Wall mounted radiator. Shaver point. Obscured uPVC double glazed window to the rear aspect.
Outside
To the rear is enclosed low maintenance garden, mainly laid to gravel with patio area. Side access to communal car park.
To the rear is communal car park with 2 parking spaces for this property.
The property has been painted inside and outside in 2023.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
