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5 bedroom terraced house for sale
Norman Road, Southsea
£290,000
Norman Road, Southsea
£290,000
Our Summary
- *** FANTASTIC INVESTMENT OPPORTUNITY -5 BED HMO - £24,750 A YEAR GROSS RETURN We are delighted to welcome to the market this 5 bedroom property, in the popular part of Central Southsea
Description
This fantastic investment opportunity presents a well-maintained, 5-bedroom property in the popular area of Central Southsea, Norman Road. The freehold house is currently licensed as a 5-person HMO, with all rooms let until Summer 2025, and achieves a gross return of £24,750 per year. The property features two bathrooms, a communal lounge, kitchen, and garden, making it an ideal investment purchase. The rooms are let on an 11-month contract with bills included, and the current rent per room is £450. With its convenient location and potential for high returns, this property is a great opportunity for investors looking to expand their portfolio.