house for sale Leamington Spa, Sydenham, CV31
Features & Description
- 5 bedrooms
- 1 bathroom
- 1 reception
Allsopp and Allsopp are pleased to present this five bedroom detached bungalow currently configured as a licensed HMO. This property is particularly for the attention of investors looking to increase their portfolio. The location is only a hop, skip and a jump away from regular commuting links, which is why it is able currently offer a gross yield of 5.5% with potential to rise even further.
The property is located just south of Leamington Spa town centre, with a comprehensive range of day-to-day amenities and more available in nearby Leamington Town Centre. There are excellent local road links to neighbouring towns along with the Midland motorway network, with Leamington Spa railway station providing excellent commuter rail services to London and Birmingham being a very short walk from the property.
Local schooling is well catered for, with the property falling within the catchments of multiple outstanding primary and secondary schools (Ofsted). Grammar, state and private schooling are all commutable from the property.
As a HMO, the property has an agreed tenancy which will run 11 months from September for the 2021/22 academic year and will bring in £1350 PCM with potential to rise further.