House of multiple occupation for sale

>

House of multiple occupation for sale

13 Christian Road, Douglas
£624,000

Our Summary

  • Introducing a superb investment opportunity to acquire a fully licensed and meticulously maintained HMO property
  • This is a rare chance to acquire a high-performing property with excellent returns, offering both immediate rental income and long-term potential

Description

This fully licensed and meticulously maintained HMO property is a superb investment opportunity, originally a guest house that has been thoughtfully converted into ten spacious bedrooms, each with its own ensuite bathroom. The property features modern amenities, including WiFi connectivity, communal kitchens and dining areas, and a utility room, providing a comfortable living environment for tenants. Recently refurbished with a new roof and upgraded windows, the property is presented in excellent condition and is currently fully tenanted, generating an impressive annual rental income of £62,400 and a strong gross yield of 10%. The property is fully compliant with HMO regulations and fire safety standards, making it an ideal investment for hassle-free ownership, offering both immediate rental income and long-term potential.
Finance This Property