9 bedroom detached bungalow for sale

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9 bedroom detached bungalow for sale

Rosemary Way, Horndean, Waterlooville, Hampshire
£620,000

Our Summary

  • Property Overview Investment Highlights Located in Horndean, East Hampshire, 56 Rosemary Way offers an excellent investment opportunity in the HMO market, specifically catering to working professionals
  • The nearby Langstone Technology Park and Portsmouth's business district ensure a solid base of potential tenants
  • 79%, which suggests that the property could be a good investment opportunity

Description

This property, a 9-bedroom HMO located in Horndean, East Hampshire, offers an excellent investment opportunity with a gross yield of 9.61% and a net yield of 6.79%. The property generates a total monthly income of £5,286 and annual income of £63,432, with a total monthly expenditure of £1,550 and annual expenditure of £18,600. The property is situated in a peaceful residential area with easy access to major urban centers, and its location blends rural village charm with access to key amenities and major employers. The area is experiencing continuous improvement through residential development projects, which is expected to increase property values and attract further investment. With a strong balance between rental income and operating expenses, this property represents a solid financial investment with stable tenant demand and long-term growth potential.
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