Offers in region of
£750,000
10 bed terraced house for saleMilton Road, Swindon SN1
10 beds
10 baths
EPC Rating: C
Just added
Freehold
About this property
Investment Property
10 bedroom HMO, all with ensuites
Current annual income £85,044
Current return of 11.33% with the opportunity to increase
Offered in really good order throughout
Central Town Centre location
Buyers fee of 1.5% plus VAT
Calling investors - This one is for you!
House Group are delighted to offer to the market this fantastic ten bedroom HMO in the heart of Swindon's town centre - a prime location for HMO investors this property enjoys a 99% occupancy rate and a 11.33% gross yield.
The mid-terrace provides ten double bedroom, all with ensuite shower rooms, spread across four floors with the benefit of two well-appointed kitchens - all has been maintained to a high standard throughout. Room 1 is a studio.
Purchased in 2018 the owners have fully developed what was a tired commercial building into a well loved home for tenants which has been thoughtfully designed to allow maximum bedroom sizes with a modern neutral décor throughout.
The property is self- managed by the current owners and has been particularly well maintained.
Currently generating an income of £7,087 per calendar month / £85,044 per annum. The investment has always performed well with high demand and long standing tenants over 4 years and boasting an excellent occupancy rate of 99%. Based on current income the property offers a 11.33% gross yield. Full rental financials and expenditure are available upon request.
There are two parking spaces to the rear and there is the option for tenants to purchase a "reduced annual season ticket" at the Bristol Street Car park which is within a short walking distance of the property.
Situated in the town centre of Swindon and beside Faringdon Road Park, The Brunel shopping centre is 0.2 miles away (5-minute walk), where there are also local cafes and restaurants. It has fantastic transport
links and is within a 10-minute walk of Swindon Bus station and Swindon train station. Similarly, local amenities such as Tesco are easily accessible in 0.4 miles (8-minute walk).
An excellent investment opportunity for new or seasoned investors to add to their portfolio!
House Group are delighted to offer to the market this fantastic ten bedroom HMO in the heart of Swindon's town centre - a prime location for HMO investors this property enjoys a 99% occupancy rate and a 11.33% gross yield.
The mid-terrace provides ten double bedroom, all with ensuite shower rooms, spread across four floors with the benefit of two well-appointed kitchens - all has been maintained to a high standard throughout. Room 1 is a studio.
Purchased in 2018 the owners have fully developed what was a tired commercial building into a well loved home for tenants which has been thoughtfully designed to allow maximum bedroom sizes with a modern neutral décor throughout.
The property is self- managed by the current owners and has been particularly well maintained.
Currently generating an income of £7,087 per calendar month / £85,044 per annum. The investment has always performed well with high demand and long standing tenants over 4 years and boasting an excellent occupancy rate of 99%. Based on current income the property offers a 11.33% gross yield. Full rental financials and expenditure are available upon request.
There are two parking spaces to the rear and there is the option for tenants to purchase a "reduced annual season ticket" at the Bristol Street Car park which is within a short walking distance of the property.
Situated in the town centre of Swindon and beside Faringdon Road Park, The Brunel shopping centre is 0.2 miles away (5-minute walk), where there are also local cafes and restaurants. It has fantastic transport
links and is within a 10-minute walk of Swindon Bus station and Swindon train station. Similarly, local amenities such as Tesco are easily accessible in 0.4 miles (8-minute walk).
An excellent investment opportunity for new or seasoned investors to add to their portfolio!
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Monthly repayment
£3,751 per month
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