12 bedroom terraced house for sale

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12 bedroom terraced house for sale

Ellenborough Crescent, Weston-super-Mare, North Somerset, BS23
£975,000

Our Summary

  • • Rental levels have not increased since opening, even for tenants in residence over a year-offering immediate scope for yield growth

Description

This 12-bedroom mid-terrace property in Weston-super-Mare is a rare investment opportunity, currently operating as a fully licensed House of Multiple Occupation (HMO) and generating a gross rental income of £108,353 per annum. The property has undergone significant recent investment, with over £20,000 spent on furniture, appliances, and infrastructure, providing a comfortable and convenient living space for tenants. The property is fully let and has a dedicated tenant community, ensuring consistent occupancy and strong tenant retention. The vendor has ensured compliance with all necessary regulations, including HMO Licence, Gas Safety, and Fire Alarm Service, providing peace of mind for investors. With a single-key system for safety and a favourable west-facing aspect, this property offers a ready-made investment with immediate revenue and excellent upside potential.