HMOs for Sale
39 Jessie Road, Southsea
7 2
£525,000 Asking Price House of multiple occupation for sale
Description
Introducing a great opportunity to purchase this 7 bed student HMO in Southsea. This well presented, quality finished property has recently undergone a B2B renovation and is 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;
Jessie Road:
Room 1 - £610 / Room 2 - £610 / Room 3 - £610 /
Room 4 - £610 / Room 5 - £610 / Room 6 - £610 / Room 7 - £610
Total; £4,270 PCM / £51,240.00 PA
Expenditure;
Gas/Electric - £280 / Water - £20 / Insurance - £23 / Broadband - £25 / Sewage - £32 / TV License - £20
Total; £400 PCM / £4,800 PA
Gross Yield: 9.76%
Additional Details
- Bedrooms: 7 Bedrooms
- Bathrooms: 2 Bathrooms
- Additional Toilets: 2 Toilets
- Buyer Fee: 2.00% + VAT
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 7 Bed Student HMO In Southsea
- Full B2B Refurbishment Recently Completed
- Fully Occupied From September 2024
- Benefits From C4 Planning With The Added Non Material Change
- Gross Income £51,240.00 PA
- Gross Yield 9.76%
- Buyer's Fee Applies
Enquiry
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