Buyer interest in HMOs continues, with the sale of another property, this time on Cambridge Road.
This substantial 11 bedroom freehold property operates as a licensed House of Multiple Occupation (HMO). The licence allows for 10 occupants and the annual potential income is approximately £50,000.
The accommodation includes nine double bedrooms, two single bedrooms, one bathroom, one shower room and a separate WC. There is also a communal kitchen on the ground floor.
Sold off a freehold asking price of £475,000.
As indicated, HMOs are proving to be a very popular choice for investors at this time and we have many registered buyers actively seeking this type of property.
If you’re thinking of selling, please do give us to call to see how we can help.