Offers over
£645,000
11 bed property for saleThe Water's Edge, Central Promenade IM2
11 beds
11 baths
About this property
9x Double en-suite bedrooms
1x Single bedroom with separate shower room
1x One-bed flat
2x Shared kitchens
Laundry room
Boiler room
Store room
Oil central heating system; Worcester Bosch boiler and Megaflo pressurised water cylinder
A rare opportunity to acquire a well-presented and spacious HMO ideally located on the sought-after central promenade. The Waters Edge comprises 10 generously sized letting rooms, 6 of which boast uninterrupted sea views. Nine rooms benefit from en-suite facilities, with one additional room served by a private external bathroom. There is also self-contained one bedroom flat situated on the ground floor also with sea views.
The property features a well-equipped kitchen/diner on the ground floor and a larger kitchen/diner/lounge on the first floor, offering flexible communal space. With its prime location, sea views, and potential for continued use as HMO accommodation or conversion (subject to necessary consents), this property presents an excellent investment opportunity generating 15% gross yield.
Mortgage calculator
£3,226 per month
70+ lenders and 10,000+ products
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Freehold
Council tax band
Council tax band not yet known
Ground rent
£0
.png){kind=logo}