Superb investment opportunity in upper Fulflood, arranged as a six bedroom fully licensed HMO.
Entrance Hall, Kitchen/Breakfast Room, Sitting Room, Two Ground Floor Bedrooms, Four First Floor Bedrooms, Utility Space & Downstairs WC, Two Shower Rooms, Low Maintenance Garden, Large Driveway, Fully Licensed HMO
Semi-detached home of sensible proportions, presented in good condition throughout and currently perfectly configured as a six-bedroom HMO investment with almost three years remaining on the HMO license. For several years the property has been let to University of Winchester on an assured shorthold tenancy, whereby the University act as both tenant and managing agent, guaranteeing the rent. This arrangement produced a net yield of 5.1% (based on the current Guide Price).
Given the property's superb location close to the Royal Hampshire County Hospital, the City Centre and the mainline railway station and its current configuration, it represents a fantastic opportunity to let to individual professional sharers of varying professions. It is estimated that, under such an agreement, a gross yield of up to 7.5% could be achieved.
Fulflood sits neatly next to the mainline railway station (London Waterloo in 60-minutes). The area is a very popular with families due to the close proximity to excellent schools (Western Primary, Westgate Primary and Senior School). There are a choice of local pubs including The Fulflood Arms and The Roebuck. There are also shops on the Stockbridge Road and excellent access to Oram's Arbour, which is a lovely park with a play area for younger children. Located on the western side of Fulflood, this property provides excellent access to all such facilities, whilst also being particularly convenient for the hospital and nearby motorway links.
From our High Street office, proceed up the hill onto the Romsey Road. Proceed over the railway bridge, taking the fourth right into West End Terrace. Take the third left into Milverton Road and then right into Poets Way. Proceed round the bend taking the second right into Browning Drive. The property will be found on the right-hand side, identified by our 'For Sale' board.
Strictly by appointment through Belgarum Estate Agents (01962 844460).
All mains services are connected.
Band E (rate for 2020/21 £2,176.98pa).