The property is a three bedroom terraced house with two reception rooms and living accommodation in the attic. It is located in a popular residential area with excellent road and rail links. These factors, combined with a number of employment opportunities locally, make this an ideal property for conversion and would easily provide 5 ‘HMO’ studio rooms.
Commenting on the house, Paul Rothwell of Empire Property Concepts said, “This property provides an ideal opportunity to add a small, high yielding asset to an investor’s portfolio.
“We would recommend converting the house in to five individual units which would provide adequate accommodation for a single person. There would be two HMO units on the ground floor, 2 on the first floor and one in the attic space. This means that you would also create a really useful communal area on the ground floor.
“The real bonus with this one is that there is no chain so it’s a quick win. Typical rents for the area on an all-inclusive basis are in the region of £95 – £110 per week, with a high level of demand”
The property is priced at £57,500 with a total required investment of £132,500. For more information please call Empire Property Concepts on 01302 564263 or visit their website where you can see similar deals and also register for their monthly e-newsletter.