Charles Gardner RoadLeamington Spa, Leamington Town Centre, CV31

5 bedroom house sold

house sold Leamington Spa, Leamington Town Centre, CV31

Features & Description

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Allsopp and Allsopp are pleased to present this ideal investment opportunity. A fully Licensed HMO, currently configured with 6 bedrooms over three floors and let to students for 11 months of the year. Capable of bringing in a significant return of between 7- 8% Gross Yield. Call now for further details. EPC D

The property is currently configured as a student property and is available as a six bedroom house, located in South Leamington near the University bus stops. The property is achieving 7%+ gross yield based on 6 students paying £2250 over 11 months. Total gross income per annum is north of £25,000 Travel time to Warwick Uni via bus is approx. 45 mins.

The ground floor accommodation comprises of two bedrooms, two shower rooms, one WC and a kitchen

The first floor accommodation comprises of a living room, a second kitchen, two bedrooms and a storage cupboard.

Second floor accommodation comprises of a further two bedrooms, refurbished bathroom WC, two further storage cupboard and an extra study space/ living room.

The property is fully double glazed and gas centrally heated. There is off road parking for two vehicles to the fore of the property and a pleasant garden to the rear. The property as a whole was extensively refurbished in Summer 2018. The current HMO licence for the property is valid until mid-2021 ( the 4 year licence was renewed in July 2017)