6 bed property

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6 bed property

Walberton Avenue, Portsmouth, Hampshire PO6
£440,000

Our Summary

  • Attractive HMO Investment Opportunity
  • Low-Maintenance Asset – Fully managed with all expenses accounted for; ideal turnkey investment opportunity

Description

This attractive HMO investment opportunity is located in Portsmouth, a bustling maritime city with a stable job market and high rental demand. The property, fully tenanted by working professionals, features 6 bedrooms, 5 bathrooms, and communal kitchen, living, and dining areas. With a total monthly income of £3,735 and a total annual income of £44,820, the property offers a strong yield profile, with a net annual income of £28,745.04 and a gross yield of 10.19%. The property's expenses are comprehensively covered, including utilities, council tax, cleaning, and full management services. With a reliable and sustainable investment, this property presents a prime opportunity for those looking to invest in the UK HMO and multi-unit market.