north east investment properties

5 Bed HMO Over £20,000 Income Per Year! Sold

  • $179,500
  • 5 beds
  • 2 baths

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

 

The Numbers

  • 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)

Get in Touch to Arrange Viewing or For More Details

 

Price:
$179,500
Address:
7 Worcester Terrace
Sunderland SR2 7AR
Bedrooms:
5
Bathrooms:
2
Terms:
For Sale
Property Type:
Townhouse
Const. Type:
Brick

Call 0191 369 2069 for more details

Property Location

Call Us!
0191 369 2069