THREE ROOM HMO

This is a wonderful opportunity to acquire this very well presented three bedroom traditional home which has undergone recent updating and is currently run as an HMO. It can continue to be operated as an HMO or easily reverted to a family home. The current rental income is £465 per week producing a gross income in the region of £25,000 per annum. The property is conveniently situated close to local schools and shops and is a popular residential area which provides easy access to the town centre.

The property is spread over three floors and briefly comprises; kitchen, separate lounge, dining room, three bedrooms and modern bathroom. The property further benefits from gas central heating, PVCu double glazing. The property has recently had the roof replaced. There is a small courtyard style garden. In all, this property represents a wonderful opportunity to acquire either a family home or an HMO investment. It is in good order throughout. An early inspection is advised.

ACCOMMODATION (All measurements are approximate)

Hallway: PVCu entrance door, grey oak effect flooring, radiator, smoke alarm, door to lounge.

Dining Room: 13'02" x 10'09". Stairs to first floor, television point, radiator, and carpet as fitted.

Lounge: 09'06" x 11.04". PVCu double glazed window to front aspect, built in shelving either side of the chimney breast, radiator and carpet as fitted.

Kitchen: 12' 04'' x 08' 0'' (3.76m x 2.44m). Refitted with a range of base and wall units with roll top work surfaces, space for fridge freezer and washing machine, inset stainless steel sink and drainer, fitted electric oven with ceramic hob with extractor over, tiled splashbacks and PVCu double glazed door and window opening onto the courtyard garden.

FIRST FLOOR

Landing: Smoke alarm, doors to all first floor rooms and staircase to second floor.

Bedroom One: 13' 02'' x 08' 10'' (4.01m x 2.69m). PVCu double glazed window to front aspect, radiator, and carpet as fitted.

Bedroom Two: 13' 1'' x 7' 3'' (3.98m x 2.21m). PVCu double glazed window to rear aspect, radiator and carpet as fitted.

Bathroom: Refitted with a modern white four piece suite comprising; low level WC, pedestal wash hand basin, panelled bath and separate shower cubicle with mains shower over, fully tiled walls, radiator, and vinyl flooring.

SECOND FLOOR

Loft Room: 13' 02'' x 12' 04'' (4.01m x 3.76m). Velux double glazed window to rear aspect, radiator and carpet as fitted.

OUTSIDE

The rear courtyard garden is a useful space and is laid to decking.

Agents Note: Current gross annual income is £25,740. If you are interested in this property as an HMO you must discuss this with us prior to travelling to view. There is a fourth room which is undersized and would need altering/addition of a dormer to comply with size regulations.

Council tax band: A

Local authority reference number [use Contact Agent Button]

EPC Rating: D 66

Services: Mains water, drainage, electricity and gas.

Traditionally, when people wanted to sell their property they went to an agent in the High Street and instructed them on a 'no sale-no fee' basis. For most people this has worked well for many decades with the agent taking the 'risk' in that if they didn't manage to sell the property they were effectively out of pocket. With the advent of the internet over the past 10 years there has been much talk about the 'online' agent; someone who would advertise your property on a website for a lower upfront fee. They would rarely meet you or visit your property and in fact could be sat behind a desk in Outer Mongolia. With lower overheads the theory is that they would charge a much lower commission. The reality is that this impersonal service still has not been embraced by the public in the UK and in my view it is unlikely to be. The process of buying and selling is far more complicated than most people think and therefore having their hand held throughout the process is something that only a local High Street agent can really offer. That's not to say that there isn't room for an alternative to the traditional model! At LSEA we are always looking for ways to provide what customers want as we recognise that the 'one size fits all' model doesn't work for everyone. Therefore we are able to offer our clients two distinct models to choose from with our 'Lite' model perhaps bridging the gap between the traditional and the online propositions. Please head to our website to read more.

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3 bedroom house share

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