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4 bed house
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Our Summary
- An excellent buy-to-let investment opportunity in a highly sought-after student location, situated directly adjacent to the main University campus (Main Arts)
- Previously operated as a four-bedroom HMO, the property offers strong potential for income growth subject to reinstatement of HMO status and internal upgrades
- Once refurbished and relicensed, the property presents scope to achieve a projected rental income of circa £1,900 PCM (inclusive of utilities), based on letting to a group of four students at £110 per week per bedroom on a standard 11-month student contract
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Description
The property is a four-bedroom flat located directly adjacent to the main University campus. It currently has long-term occupants in situ, generating £650 PCM excluding utilities, but has potential for income growth subject to reinstatement of HMO status and internal upgrades. The potential Airbnb income is projected to be circa £1,900 PCM, based on letting to a group of four students at £110 per week per bedroom.
The property features four bedrooms, one bathroom, a dining room, and a kitchen, with approximate room dimensions as follows: Bedroom 1 (2.66 x 2.45m), Bedroom 2 (3.02 x 1.92m), Bedroom 3 (3.56 x 2.98m), Bedroom 4 (3.53 x 2.85m), Dining Room (3.11 x 2.58m), Kitchen (3.28 x 1.79m), and Bathroom (2.96 x 1.95m).