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5 bedroom house for sale
5 Bed HMO Investment Property - Redearth Road, Darwen, Lancashire, BB3
£325,000
5 Bed HMO Investment Property - Redearth Road, Darwen, Lancashire, BB3
£325,000
Our Summary
- ** 5 BEDROOM HMO **'HIGH YIELDING' INVESTMENT OPPORTUNITY***5 TENANTED BEDSITS***ALL CURRENTLY TENANTED***SERIOUS BUYERS ONLY***CURRENTLY PRODUCING A GROSS RENTAL INCOME OF £26,340 (8%) Property Shop are delighted to be the Sole Selling agents on this 'High Yielding' Investment Opportunity in Darwen Lancashire
- GREAT INVESTMENT OPPORTUNITY
Description
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Here is a summary of the property description in a single paragraph:
This 5-bedroom HMO property in Darwen, Lancashire, is a high-yielding investment opportunity, currently producing a gross rental income of £26,340 per annum, equivalent to an 8% yield. All five bedsits are currently tenanted with robust ASTs in place, with room rents ranging from £295 to £500 per month. The basement office is not currently rented but has the potential to generate an additional £100 per month. The property has a strong track record of renting well, with minimal voids, due to its desirable location, good condition, and effective marketing. The current managing agents, Property Shop, would be happy to continue managing the property subject to their terms of business, making this a serious investment opportunity for serious buyers.