Bath Road, Old Town, Swindon, SN1 4AU 8 bed house of multiple occupation for sale

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Bath Road, Old Town, Swindon, SN1 4AU 8 bed house of multiple occupation for sale

Bath Road, Old Town, Swindon, SN1 4AU
£700,000

Our Summary

  • Moovahome offer to the market a unique investment opportunity
  • With added investment, Moovahome believe a uplift of 25% to the rental can be easily achieved
  • With a continual uplift in the standard, we predict a rental income around £80,000 a year being achieved within 6 months of purchase
  • Potential to develop further

Description

Moovahome presents a unique investment opportunity in the heart of Old Town, Swindon, featuring a fully tenanted, licensed HMO on Bath Road. The property is currently generating £5,365 per month, with potential for a 25% uplift in rental income through added investment. The property boasts seven bedrooms, with varying sizes and amenities, including en-suite bathrooms and shared kitchens. The current rental income is £64,380 per year, with Moovahome predicting a potential annual income of £80,000 within six months of purchase. To facilitate a smooth transition, Moovahome offers a complimentary management package for three months. This is an exceptional opportunity for investors to capitalize on the growing demand for HMOs in the area.