Mount Street, Bridgwater, Somerset 5 bed terraced house for sale

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Mount Street, Bridgwater, Somerset 5 bed terraced house for sale

Mount Street, Bridgwater, Somerset
£240,000

Our Summary

  • The current average rent per room at £135 per week (£35,100 gross annually) reflects the fact that some modernisation and updating is required, but by no means necessary
  • Viewing by appointment only and at least 24 hours notice needs to be provided to the tenants some of whom work night shift
  • Scope to increase income

Description

This five-room HMO property is being offered for sale, including all fixtures, fittings, and furniture, with 100% occupancy. The current average rent per room is £135 per week, which is lower than similar properties in the area that have been modernized and updated. With some renovation, the rent could increase to between £150-£165 per week, resulting in a higher annual gross income and increased property value. The property has five double bedrooms spread over three floors, a kitchen, bathroom, and second WC, as well as a lean-to off the kitchen. It is fully compliant with HMO standards and has a Grade 1 alarm system. Viewings are by appointment only, with at least 24 hours' notice required to accommodate the tenants, some of whom work night shifts.