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6 bedroom house of multiple occupation for sale
Park Road, Rugby, Warwickshire, CV21
£375,000
Park Road, Rugby, Warwickshire, CV21
£375,000
Our Summary
- Overall, we feel that this property offers a fantastic investment opportunity requiring little involvement and no expense to the Landlord
Description
A substantial six-bedroom HMO in a popular residential area of Rugby, with a guaranteed income until 2030. The property has undergone an £80,000 refurbishment and features a low-maintenance rear garden and double garage. The current tenancy agreement is with Serco Ltd, who cover all bills and maintenance costs, providing the landlord with an additional benefit of £11,000. The property has been let on an AASC agreement, which provides a PCM income of £2,193.10. The accommodation comprises six bedrooms, five shower rooms, a kitchen/dining room, and a first-floor landing. The property is freehold and located within easy walking distance of Rugby Town Centre and railway station. The local authority is Rugby Borough Council, and the council tax band is C, currently £1,925.00. A free mortgage consultation is available upon request.