Agent Details
Residential Sales Manager
Sales Adviser
Fully Running HMO
Two Kitchens
Courtyard
Some Rooms with En-Suites
Licensed 6-bedroom HMO
Planning permission in place- 06/25/0068/EU
Approximate gross yield of 13.86%
Fully licensed and fully tenanted 6-bedroom HMO generating £37,440 per annum (£520pcm per room). Offered with planning permission and licence in place, providing an immediate investment opportunity with an approximate gross yield of 13.86% at the...
An excellent opportunity to acquire a fully licensed and fully tenanted six-bedroom HMO in a well-established rental location close to Great Yarmouth town centre, local amenities, transport links and the seafront.
The property is currently generating a gross annual income of £37,440 per annum (£520pcm per room) and is offered with tenants in situ, providing an immediate income stream from day one. The property benefits from the relevant HMO licence and planning permissions already in place, removing much of the uncertainty and cost often associated with setting up a multi-let investment.
Whilst the property is not presented to a high-end specification, it has been well maintained, is fully operational as a HMO and continues to attract and retain tenants. Accommodation comprises six lettable bedrooms, communal kitchen facilities, bathroom facilities and an enclosed rear courtyard.
At an asking price of £270,000, the property offers a strong gross yield of approximately 13.86%, making it an attractive addition to any investor's portfolio.
Disclaimer
Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Location
More Information
Room Descriptions
Raised Ground Floor
Outside to the front, steps up to the front entrance.
Entrance Hall
A communal wooden door giving access, carpet, further glazed door into hall, radiator, staircase to first floor, doors to Room 5 and Room 6, few steps down to rear part of hall, door to basement and kitchen.
Room 5
15'7" × 12'7" (4.77m × 3.84m)
Carpet, radiator, double glazed bay window to front.
Room 6
11'11" × 11'0" (3.64m × 3.37m)
Carpet, radiator, double glazed window to rear, original ceiling coving and centre ceiling rose.
Rear Hallway
Door out to courtyard and a built-in cupboard, door through to
Kitchen
15'6" × 9'8" (4.74m × 2.96m)
A range of wall and base kitchen units with a breakfast bar, two radiators, wooden glazed window, further two double glazed windows, stainless steel double sink with mixer tap, plumbing for washing machine, double built-in oven, ceramic hob, tiled splashbacks, door leading through to
Bathroom
Vinyl floor, hand wash basin, radiator, bath, built-in cupboard.
Rear Lobby
Space for fridge/freezers, door through to
Room 7
11'8" × 8'5" (3.57m × 2.59m)
Carpet, radiator, double glazed sliding patio doors out to courtyard.
Rear Courtyard
Concrete courtyard for bins and storage, timber gate giving access to rear.
Basement Flat 8
Flat 8 Hall
Built-in cupboard, further built-in cupboard under the stairs, doors off to living room and bedroom.
Flat 8 Living Room
13'7" × 15'7" (4.16m × 4.76m)
Carpet, radiator, double glazed bay window.
Flat 8 Bedroom
11'7" × 9'3" (3.55m × 2.84m)
Carpet, radiator, single glazed wooden window, two built-in cupboards, one housing the boiler and one housing the immersion tank.
First Floor Rear Landing
Carpet, built-in cupboard, door to bathroom, steps up to further landing.
Bathroom
Vinyl floor, panelled bath, hand wash basin, low level WC, frosted single glazed wooden window.
First Floor
Carpet, radiator, built-in cupboard, staircase to top floor, doors off to
Kitchen Two
12'10" × 6'4" (3.93m × 1.95m)
Vinyl floor, hand wash basin, range of wall and base kitchen units, stainless steel sink and drainer with mixer tap, space for cooker, plumbing for washing machine, space for fridge/freezer, double glazed window to front.
Room One
11'8" × 8'3" (3.57m × 2.52m)
Carpet, radiator, double glazed window, door through to
Ensuite One
Low level WC, hand wash basin, shower cubicle.
Room Two
10'2" × 12'3" (3.10m × 3.75m)
Carpet, radiator, double glazed bay window, opening through to
Ensuite Two
Low level WC, hand wash basin, shower cubicle.
Second Floor Landing
Carpet, doors off to
Room Three
11'10" × 8'3" (3.63m × 2.52m)
Carpet, radiator, double glazed window, hand wash basin with a vanity unit and drawers, tiled splashbacks, door through to
Ensuite Three
Low level WC, shower cubicle.
Room Four
Area 1 - 2.90 m x 2.23 m Carpet, radiator, double glazed window, opening through to Area 2 - 2.84 m x 2.12 m Carpet, radiator, double glazed window, opening to
Ensuite Four
Low level WC, hand wash basin, shower cubicle.
Agent Details
Residential Sales Manager
Sales Adviser