Property description

This is an investment opportunity to purchase an HMO in Bicester generating £33,540 rent pa & a gross yield of 7.5%.

Property information:

- Fully HMO licenced
- Spread over 2 floors
- 4 x ensuite bedrooms
- 1 x bedroom with separate shower room
- Shared lounge (incorrectly labelled as bedroom 2 on the floorplan)
- Shared kitchen/diner
- Access to a large rear garden via the kitchen/diner
- Parking space for 4 cars at the front of the property
- EPC rating C
- The property is managed by a third party

Future potential:

The vendor received full planning permission to add 2 x 1-bedroom apartments to the side of the building.

Rental information:

- Room 1 - £595 pcm
- Room 3 - £595 pcm
- Room 4 - £580 pcm
- Room 5 - £565 pcm
- Room 6 - £460 pcm
- Total rent pcm: £2,795
- Total rent pa: £33,540

Running costs:

The vendor provided the following running costs for the property:

- Council tax: £161 pcm
- Electricity bill: £134 pcm
- Gas bill: £103 pcm
- Water bill: £50.45 pcm
- BT telephone: £59.34 pcm
- TV licence: £13.37 pcm
- Total cost pcm: £521.16
- Total cost pa: £6,253.92

Location information:

- The property is located in the Woodfield area of Bicester
- Bicester town centre is around 0.4 miles from the property and can be reached in less than 10 minutes on foot
- Bicester North is the closest railway station, just a 5-minute walk from the property

NoteL

Please note that Vesta has not visited this property and that all material has been provided by the vendor.
Amenities

Fully tenanted investment property

HMO licence in place

Aggregate annual rental income £33,540

Aggregate gross yield 7.5%