HMO INVESTMENT - Long Road, Canvey Island
£600,000
7 bedroom detached house for sale
WilsonWood are delighted to present EXCELLENT INVESTMENT opportunity to acquire a FULLY CONFIGURED, FULLY LICENSED, FULLY TENANTED 7 Bedroom HMO currently bringing in a MONTHLY GROSS INCOME OF £4875 PER CALENDAR MONTH.
This LARGE PROPERTY boasts FOUR GROUND FLOOR BEDROOMS with 2 benefiting from washing facilities as well as 2 ground floor W/Cs. There is a SHARED KITCHEN SPACE as well as an ADDITIONAL KITCHENETTE SPACE for communal use. The property benefits from an additional front door for easier access for tenants.
The First Floor comprises of three Bedrooms with the largest bedroom in the property benefiting from a separate ENSUITE. There is also a Communal Space as well as a communal Bathroom. The property comes completely furnished.
Externally there is a fantastic size garden complete with a SUMMER HOUSE with its own separate Bathroom.
Across the 7 Tenants the property is generating:
Gross Income of £4875 PCM
Gross Income of £58,479 PA
With Monthly Utility expenses of Approx £944 PCM
Features
- READY MADE INVESTMENT
- 7 BEDROOM HMO
- VARIETY OF ROOM SIZES TO MAXIMISE DEMAND
- SHARED KITCHEN AND COMMUNAL AREA
- SEVERAL EN-SUITE / WASH FACILITIES
- GROSS INCOME OF £4875 INCOME PER CALENDAR MONTH
- GROSS INCOME OF £58,479 INCOME PER ANNUM
16m² With Ensuite - £737 PCM
10m² With Ensuite - £693 PCM
Reference: RS1555
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.