High-Income Prime Location HMO

Key Features

Ensure: Freehold
5 Bed, 2 Bath
Registered HMO for upto 6 tenants in Article 4 area
Has Lapsed planning to convert loft into additional living space
EPC Rating – C
Prime Location
Strong Student & Professional Demand as a HMO
Strong Serviced-Accomodation Demand due to Local Development
4min Walk to University of Sunderland
6min Walk to City Centre
6min Drive to Sunderland Hospital
Massive Capital Appreciation Potential – Close Proximity to Sunderland’s £500m Riverside & City Regeneration Zone

Will become vacant upon possession.
Local Letting Agent available and has confirmed that four of the rooms would rent at £450 per month and another room at £400 per month.
Gross income – £26,400 p/a
Net Income after bills -£22,304 p/a
Net 12.4% Yield
Potential to Increase Net Income via attic conversion and/or cosmetic upgrade (local comparables show potential for £500 per room with cosmetic upgrade)

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