8 bedroom shared living/flatmate for sale

Overview

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Welcome to this fantastic investment opportunity! This well-maintained property has been thoughtfully converted into eight individual apartments, all in good condition and ready for immediate tenancy. Currently generating an impressive annual rental income of £38,000 and a yield of 11.78%, the property offers a solid return on investment. Each unit is designed to appeal to a variety of tenants, with modern conveniences and a prime location.The apartments are designed for comfort and practicality, ensuring steady tenant demand in a sought-after area. With its prime location and excellent income potential, this is a fantastic opportunity to secure a high-yielding, income-generating investment. Don't miss out!All the apartments are EPC grade C and all are council tax band AFLAT 1 - Studio apartment £390PCM / £400 Deposit FLAT 2 - Studio apartment £390PCM / £400 DepositFLAT 4 - Studio apartment £377PCM / £347 DepositFLAT 5 - Studio apartment £304PCM / £325 DepositFLAT 6 - Studio apartment £412PCM / £475 DepositFLAT 7 - Studio apartment £390PCM / £400 DepositFlat 8 - One bedroom apartment £424PCM / £300 Deposit251A - One bedroom apartment £477PCM / £550 DepositINCOME BREAKDOWN- £3164pcm- £37,968PA- Yeild 11.17%**A rental increase of 5% would increase the yeild to 11.73% or an increase of 10% would equal 12.29%**DisclaimerWhilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.Money Laundering RegulationsShould a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.