6 Bed Reading HMO 10.2% yield

  • £325,000
Reading, UK

Overview

  • HMO
  • Property Type
  • 6
  • Bedrooms
  • 3
  • Bathrooms

Description

Opportunity to purchase an HMO in Reading with the potential to generate £33,300 rent and a potential gross yield of 10.2%

Property information:

• HMO licence for up to 6 occupants

• Spread over 4 floors

• Two shared bathrooms

• One shared lounge and kitchen

• Comes with rear garden, which is accessible from the kitchen

• EPC rating D

• Current guaranteed monthly net rent £1,500

Rental information:

• The property is currently let on a guaranteed rent for £1,500 pcm, the tenant company pays all the bills

• It is expected that the property could generate £2,775 pcm if let on an individual basis with a potential income of £33,300 p.a. 10.2% yield

• The vendor expects the running costs to be around £263 pcm if let on an individual basis

Location information

• The property is around 1.5 miles east of Reading town centre

• The University of Reading is just under 1 mile from the property

• Palmer Park is the nearby open greenspace and can be reached in less than 10 minutes on foot

Sourcing fee: 2%

  • Address Reading, UK
  • City Reading

Details

Updated on October 18, 2021 at 5:26 pm
  • Price: £325,000
  • Bedrooms: 6
  • Bathrooms: 3
  • Property Type: HMO
  • Property Status: For Sale

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What's Nearby?

Arts & Entertainment
Berkshire Family History Society (0.8 mi)
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Progress Theatre (0.88 mi)
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Education
milman road doctors surgery (0.54 mi)
Average 2 reviews
Spark Educare Centre (0.58 mi)
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Northumberland Day Nursery (0.65 mi)
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Health & Medical
Dr Lister & Partners (0.54 mi)
Average 2 reviews
Circle Reading Hospital (0.7 mi)
Exceptional 1 reviews
Miraj Computers (0.89 mi)
Good 1 reviews
Transportation
Kennet Cars (1.08 mi)
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Blisscars247 (1.08 mi)
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Aaa Taxis (2.04 mi)
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Contact Information

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