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8 bedroom semi-detached house for sale
Prospect Road, Banbury, Oxfordshire
£525,000
Prospect Road, Banbury, Oxfordshire
£525,000
Our Summary
- This exceptional 8-bedroom HMO property offers an outstanding investment opportunity with a license for 9 occupants, fully tenanted and generating a remarkable net yield of 8
- There is potential to increase rents to market rates, offering a higher return
- 32% from this fully tenanted property with the potential to increase rental income
- Don t miss this chance to acquire a lucrative HMO property in a sought-after location with excellent potential for rental growth
Description
This exceptional 8-bedroom HMO property offers a remarkable investment opportunity with a license for 9 occupants, generating a net yield of 8.32%. Located in a prime location, it provides convenience and comfort for tenants and investors alike. The property comes fully furnished and tenanted, with long-standing tenants who have all been fully checked and passed referencing. With a potential to increase rents to market rates, the property offers a higher return. The shared amenities include a kitchen and dining area, outdoor space, and proximity to the town centre, train station, and transport links. With annual costs of £8,792, this turnkey investment is an excellent opportunity for investors looking for a hassle-free investment, offering flexibility for maximizing rental income.