An attractive investment opportunity let until the end of the 2013/2014 academic year, producing a healthy monthly income of £1625 per calendar month – a 7% + return! The property is let out as a 5 bedroom student let, set over three floors with bedroom, living room, kitchen, utility room, bathroom and WC on the ground floor. Three first floor bedrooms and further bedroom on the second floor. There is gas central heating, double glazing, a rear garden and, as the property is being sold as an going concern, furnishings will be included.
The property would now benefit from a facelift inside – maybe when the current tenants leave, or after the 2013/14 intake go in August 2014. At that point, we believe the rental return could be increased to average levels in the area (£350 per room per month).
Further details and viewing availability now on our website by clicking here.