INVESTMENT OPPORTUNITY - 6.6% Yield - FIVE BED HMO PROPERTY - CANTERBURY
No forward chain - £18,850 pa income - Off road parking - £285,000
Call us now to view this fantastic five bedroom investment property which has an HMO license!
Situated in Hales Place, one of the most popular student rental areas in Canterbury, and with a strong rental history, you should have no trouble finding tenants for all five rooms! This property is currently being advertised for the 2021/2022 academic year with a monthly income totalling £18550 including bills for 10 months. This would give an average yield of over 6% which is an excellent return!
Westerham Close is a spacious property with communal lounge, kitchen, two ground floor bedrooms and a downstairs toilet. As you go upstairs you are greeted by a further three bedrooms and a family bathroom with separate WC. With parking for one car to the front of the property and side access to your rear garden, you can really benefit from being an end of terrace.
The current owner released two of the students from their contracts due to the pandemic so at present there are three students in situ until June 2021. There is no forward chain so this opportunity should not be missed as it offers an instant return on your investment.
If you are looking to expand your portfolio or take your first steps onto the investment ladder, this property is an excellent proposition so do not delay!