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About the property

Investment Opportunity

A freehold HMO investment opportunity comprising a substantial detached Victorian property with further additions split into 4 flats with 19 en-suite rooms and five studios. There is associated kitchen / communal space and off-road parking for 6/7 vehicles.

The property is fully compliant and is currently managed by a local managing agent who has competently managed. The property has averaged a 95% occupancy rate and fully let returns a gross income of around £145k PA giving a net yield of around 6.5% PA.

The property is prominently located giving easy access to local services and is adjacent to tram and bus stops.

An excellent opportunity, please enquire for further details.

Viewing strictly by appointment only via sole selling agent, Alexanders of Melton Mowbray (01664) 896332. Read more

Important information

Property at a glance

  • Freehold HMO investment in prominent convenient spot
  • Close tram and bus service
  • Within walking distance of town centre
  • Fully licensed and compliant closely managed
  • 4 flats - 19 en suite and 5 studios
  • c.95% Occupancy for last 12 months
  • c 6.5% net return
  • EPC rating D (64)
  • Nearly £145k gross income PA fully let
  • Scope to further develop / improve

Contact agent

Alexanders

21 Market Place

Melton Mowbray

Leicestershire

LE13 1XD

United Kingdom

Tel: 01664 896332

melton@alexanders-estates.com

 

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About us

Alexanders Property Services Ltd trading as Alexanders. Tel: 01509861222
Registered in England: 08476446. Registered Office c/o The Point, Granite Way, Mountsorrel, Loughborough, Leicestershire, LE12 7TZ.
VAT Number: 171925008
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