7 bed property

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7 bed property

Chichester Road, Portsmouth, Hampshire PO2
£630,000

Our Summary

  • Brand New High-Spec HMO Investment Opportunity
  • This brand new 7-bed HMO presents a compelling investment opportunity, combining high-spec finishes, full ensuite convenience, spacious communal areas, and professional management already in place
  • Turnkey Opportunity – Brand new HMO with pro management in place offers hands-off, stable income & long-term growth potential

Description

This brand new 7-bed HMO in Portsmouth is a prime investment opportunity, offering a high-spec property with all-ensuite rooms, shared kitchen, living area, additional WC, and garden. The property is located in a desirable area with a strong employment base, driven by maritime, defence, education, and technology, and is close to the city centre, bus routes, and commuter links. The property generates a gross annual income of £63,900 and a net return of £50,358, with a gross yield of 10.14% and a net yield of 7.99%. The property is managed by HMO X, a team with over 100 years of experience in the HMO and multi-unit marketplace, and is sold with full access to financial details and a pro-active team to assist the buyer.