HMOs for Sale
13 Hudson Road, Southsea
7 0
£560,000 Asking Price Mid terrace for sale
Description
Introducing a fantastic opportunity to purchase this 7 bed all ensuite student HMO In Southsea. This well presented, quality finished property has recently undergone a B2B renovation and is now fully occupied from September 2024.
Southsea is very close to the University of Portsmouth, making it convenient area for students to live. Compared to many other UK cities, Southsea offers relatively affordable accommodation and living costs, which is a significant advantage for students. With it's seafront location, the area offers a great balance of study and leisure, with museums, leisure facilities and access to natural spaces all within easy reach.
Refurbishment details and property highlights include:
Full rewire
New Boilers
Granite Kitchen Worktops
Smart TVs throughout
Bluetooth music systems
Full block built equipped gym in garden
Bluetooth speakers
LED lights in all rooms
43 inch smart TVs
Yale smart door locks
Income;
Room 1 - £650 / Room 2 - £650 / Room 3 - £650 /
Room 4 - £650 / Room 5 - £650 / Room 6 - £650 / Room 7 - £650
Total; £4,550 PCM / £54,600 PA
Expenditure;
Gas/Electric - £295 / Water - £20 / Insurance- £23 / Sewage - £32 / Broadband - £25
Total; £395 PCM / £4,740 PA
Gross Yield: 9.76%
Additional Details
- Bedrooms: 7 Bedrooms
- Ensuites: 7 Ensuites
- Kitchens: 1 Kitchen
- Buyer Fee: 2.00% + VAT
- Tenure: Freehold
- Council Tax: £1,614 / year
- Council Tax Band: B
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 7 Bed 7 Ensuite Student HMO In Southsea
- Full B2B Refurbishment Recently Completed
- Includes Certificate of Lawful Development
- Fully Occupied From September 2024 With 11 Month Student Contracts
- Benefits From C4 Planning With The Added Non Material Change
- Gross Income £54,600 PA
- Gross Yield 9.75%
- Buyer's Fee Applies
Enquiry
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