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8 bed property
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Our Summary
- Potential to develop further
- Moovahome offer to the market a unique investment opportunity
- With added investment, Moovahome believe a uplift of 25% to the rental can be easily achieved
- With a continual uplift in the standard, we predict a rental income around £80,000 a year being achieved within 6 months of purchase
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Description
Moovahome presents a unique investment opportunity in the heart of Old Town, Swindon, featuring a fully tenanted, licensed HMO on Bath Road. The property is currently generating £5,365 per month, with potential for a 25% uplift in rental income through added investment. The property boasts seven bedrooms, with varying sizes and amenities, including en-suite bathrooms and shared kitchens.
The current rental income is £64,380 per year, with Moovahome predicting a potential annual income of £80,000 within six months of purchase. To facilitate a smooth transition, Moovahome offers a complimentary management package for three months. This is an exceptional opportunity for investors to capitalize on the growing demand for HMOs in the area.