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6 bedroom house for sale
Downs Road, Canterbury
£365,000
Downs Road, Canterbury
£365,000
Our Summary
- Great HMO investmentA great investment opportunity to purchase this 6 bedroom Licensed HMO currently rented out for £2550 pcm inclusive of utility bills
Description
This is a great investment opportunity to purchase a 6-bedroom licensed HMO, currently rented out for £2,550 per month, inclusive of utility bills, generating an annual income of £30,600 and yielding 8.5% per annum. The property is currently let out on a single room basis until July 2025 and is managed by Day Management. There is no onward chain for a buyer looking to purchase this property as a buy-to-let. The property is located in a Council Tax Band C area and has Ofcom broadband results of 18 Mbps and 1 Mbps. Prior to purchasing, the buyer will need to undergo an identification check to meet the company's obligation under anti-money laundering regulations.