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Bath Road, Old Town, Swindon, SN1 4AU 8 bed house of multiple occupation for sale
Bath Road, Old Town, Swindon, SN1 4AU
£700,000
Bath Road, Old Town, Swindon, SN1 4AU
£700,000
Our Summary
- Moovahome offer to the market a unique investment opportunity
- With added investment, Moovahome believe a uplift of 25% to the rental can be easily achieved
- With a continual uplift in the standard, we predict a rental income around £80,000 a year being achieved within 6 months of purchase
- Potential to develop further
Description
Moovahome presents a unique investment opportunity in Old Town, Swindon, offering a fully tenanted, licensed HMO property on Bath Road. The property is currently generating £5,365 per month, or £64,380 per year, with the potential to increase the rental income by 25% with added investment. The property consists of seven rooms, including en-suite bathrooms and shared kitchens, with room sizes ranging from 3.49m x 4.93m to 3.85m x 3.93m. Moovahome is offering a complimentary management package for three months to ensure a smooth transition for the new landlord, and predicts that the rental income can reach £80,000 per year within six months of purchase.