6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Bybrook Road, Kennington, Ashford, Kent
£450,000

Our Summary

  • 7% and 10%, highlighting its profitable investment potential
  • Local Market and Investment Potential Ashford is a burgeoning market with property values on the rise, making it an attractive locale for investors

Description

This HMO property in Ashford, Kent, offers a stable gross annual income of £43,200, with projections rising to £45,000 by Q4 2024, resulting in a solid yield between 9.7% and 10%. The property has been developed and is currently operated by an experienced HMO landlord, with six bedrooms each with its own bathroom, designed to meet the high demand in the area. The property is located in a key location and has been quality-checked by the HMO Sales Expert team. The financial performance indicates a solid gross yield, making it a valuable investment opportunity. The property's income breakdown shows a total monthly income of £3,575, with a total annual income of £42,900, and a total monthly expenditure of £688.84, resulting in a net annual income of £34,633.92. The property's financial performance is expected to enhance with the scheduled rent increase to £3,750 PCM, which will boost the gross yield to over 10%.
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