£485,000
6 bed property for saleLawrence Road, Southsea PO5
6 beds
2 baths
1 reception
EPC Rating: D
- Freehold
Tully and Co
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About this property
HMO investment property
Six rooms
Currently let at £3,425 pcm
Gross rental yield in excess of 8%
Over £41,000 per annum at full occupancy
Substantial property
Gas heating
Double glazing
Net rental yield circa 7%
A fantastic HMO investment opportunity which currently returns circa £41,000 per annum in Gross rental income.
With individual room rates including all bills, the property currently returns circa 7% net at the asking price (at full occupancy levels).
Let to professional tenants on individual AST's, and located close to Albert Road, within an easy walk of Fratton station, this property has proven a popular choice for professional sharers.
Comprising six bedrooms, a communal lounge and a large kitchen/breakfast room this substantial property offers an attractive investment.
Early viewing is advised.
Room One
Currently let at £600pcm.
Room Two
Currently let at £600pcm.
Room Three
Currently let at £625pcm.
Room Four
Currently let at £600pcm.
Room Five
Currently let at £450pcm.
Room Six
Currently let at £550pcm.
Further Information
Council tax band: C
tenure: Freehold.
Individual room rents include all bills. The current owner includes the cost of a tv licence, wifi, all utilities and Council Tax. Current monthly expenditure is circa £585.51, however may fluctuate with changing costs.
We advise you to check these details prior to purchase.
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