Brookdale Road – Student Investment with established C4 use!
Ready made small HMO with current income stream. This property is a licensed (Selective) HMO, within the Article 4 “Dales” area off Smithdown Road. This is ready to rent so no immediate upgrade work required. This property benefits from current C4 usage and a history of C4 usage prior to the introduction of Article 4. This means you can convert and increase occupancy (up to 6) with no issues.
WHAT ARE THE FIGURES?
Asking price is £175,000. Gross annual rent is £16,200. This gives a gross yield of 9.26% however with some tweaking to the finish we would be able to achieve a higher rental income (10%+ should be achievable) therefore improve the yield. Prices have increased rapidly since the introduction of Article 4 and demand is very strong. Full figures are here
If you would like to view, please contact Simon using the contact form on this page.
A Sourcing Fee of £3,000 applies for this property – please enquire for details.