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8 bedroom house of multiple occupation for sale
Festing Road, Southsea, Hampshire
£750,000
Festing Road, Southsea, Hampshire
£750,000
Our Summary
- Attractive HMO Investment Opportunity Address: 7 Festing Road, Southsea, PO4 0NG Property Type: 8-Bed, All Ensuite HMO Tenant Type: Fully Tenanted by Working Professionals Prime Investment Location Southsea, a lively and sought-after coastal district of Portsmouth, presents an excellent investment opportunity within the HMO rental market
- 17% (Calculated as £61,260 / Sale Price) Conclusion The HMO at 7 Festing Road, Southsea represents a prime investment opportunity, offering strong rental yields, full occupancy, and a thriving location
- With excellent transport links, a coastal lifestyle, and strong economic growth, this fully tenanted 8-bed HMO offers investors a high-yielding, hands-off opportunity with long-term growth potential
Description
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Here is a summarized version of the property description in a single paragraph:
The HMO at 7 Festing Road, Southsea, is an attractive investment opportunity with a strong rental income and consistent demand from working professionals and students. The property is fully tenanted and benefits from a prime location, with easy access to transport links, employment hubs, and local amenities. With a gross annual income of £77,040 and annual expenditure of £15,780, the net annual income is £61,260, offering a gross yield of 10.27% and a net yield of 8.17%. The property is well-maintained and managed, with a team of experienced professionals handling all aspects of the investment, including marketing, tenant management, and maintenance. With ongoing regeneration projects in the area and a strong economy, this HMO presents a secure and profitable investment opportunity with long-term growth potential.