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
£245,000

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
  • Scope to increase income

Description

This is a unique opportunity to purchase two identical HMOs (House of Multiple Occupancy) that are fully occupied, with a combined average rent of £35,100 per year. The properties, which have five double bedrooms each, are in need of some modernization and updating, but are fully compliant with HMO standards and have a Grade A alarm system. The current rent per room is £135 per week, but similar properties in the area can achieve up to £175 per week if brought up to a higher standard. The properties also have a kitchen, bathroom, and second WC, as well as a lean-to off the kitchen. The price for each property is £245,000, and they have an EPC rating of D55 and a Council Tax Band of B. Viewings are available by appointment only, with at least 24 hours' notice required to the tenants.