Impressive **HMO INVESTMENT** opportunity - Potential Gross Income £40,800 per year over 7 rooms, YIELD at +/- 10.3% - Property close to HMO ready - all self closing fire doors, wired heat/smoke alarms - low conversion cost. Utility room, separate dining, kitchen, conservatory, parking.
The property is currently a mix of guest house and care facility and is therefore almost HMO qualified (currently without license - not renewed). All rooms have self closing, 10 hour long burn fire doors with wired heat/smoke alarms throughout. All 5 bedrooms have sinks, with one room containing an integrated shower unit. Two of the reception rooms are convertible into bedrooms to complete the 7 room HMO. Adding quality to the HMO proposition is separate dining room to provide additional kitchen space, kitchen and adjoining conservatory/sun room, which would be a natural common dining area. Downstairs in the basement is fully converted area as utility space, with washing machines already plumbed in. Ideal also for storage of bikes and other items not suited to room storage i.e. trucks and suit cases. The property is also beautifully complemented by an outstanding, private rear garden with patio area, as well off street parking for two cars. On road parking is also freely available.
The property offers spacious accommodation with period features throughout - briefly comprising: Reception hall, living room, sitting room, dining room, kitchen/breakfast room, conservatory, 3 double bedrooms and a family bath/shower room on the first floor and 2 double bedrooms on the second floor and bathroom. Downstairs offers a large basement divided into two sections, currently used as a utility space for laundering and drying clothes. There is parking to the front of the property for 2 cars and a pathway that leads up to the front door of the property.The rear garden which offers a patio area with further garden beyond, beds to either side and walled boundaries.
Location: The property is situated half way up Whitecross Road so offers access to the city centre by both a gentle walk or from the bus stop close by. Local shops include the new Tesco's Express, Aldi and Sainsbury supermarkets. There are a number of junior schools, nurserys and Whitecross High School and Sports Academy are within walking distance.
Services:All Mains Services
Council Tax: Herefordshire Council - Band D
We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.
Entrance Hall 5.82m x 2.11m (19'1 x 6'11)
Living Room 4.65m x 3.61m (15'3 x 11'10)
Sitting Room 3.94m x 3.68m (12'11 x 12'1)
Dining Room 3.91m x 2.79m (12'10 x 9'2)
Kitchen 3.68m x 3.56m (12'1 x 11'8)
Conservatory 3.43m x 2.92m (11'3 x 9'7)
First Floor Landing 3.81m x 2.41m (12'6 x 7'11)
Bedroom 1 4.67m x 3.61m (15'4 x 11'10)
Twin aspect windows, sink
Bedroom 2 3.78m x 3.63m (12'5 x 11'11)
Fitted cupboard, twin aspect, sink.
Bedroom 3 3.96m x 3.10m (13'0 x 10'2)
With window to rear, sink and fitted cupboard.
Bedroom 4 4.67m x 3.58m (15'4 x 11'9)
With round feature windows, sink and wardrobes
Bedroom 5 3.96m x 3.56m (13'0 x 11'8)
Having fitted wardrobes and shower cubicle.
Basement Room 4.52m x 3.18m (14'10 x 10'5)
Basement room 1 4.52m(14'10'') x 3.18m(10'5'')
Basement Room 2 2.87m x 2.13m (9'5 x 7'0)
- **HMO OPPORTUNITY**
- £40,800 Annual Income
- Large semi-detached house
- 5 bedrooms; 2 bathrooms
- 4 ground floor receptions
- Basement Utility Rooms
- Gardens parking