INVESTMENT PROPERTY FOR SALE 5 Bedroom Student House Property has been let for a number of years continuously to students and has a fantastic track record in this sector. Current gross rent per annum is £25,740, this is a yield of 12.87%.
🍽 Kitchen: Large, lots of storage space, American Fridge Freezer, Washer / Dryer, 2 Ovens, All Appliances Integrated
🛌 Bedrooms: 5 Large double beds, Modern furniture, Digital TV point & Internet points, There is no small room
🛁 Bathrooms: 2 luxury bathrooms with baths & showers
🌳 Garden: Large
Property appraisal:
🏡 12 Wellesley Avenue – Turnkey 6-Bed HMO Investment Fully tenanted for the next academic year (verbal confirmation received), this 6-bed property offers immediate hands-off rental income.
No refurb needed in Year 1 — just collect rent
Property is untidy due to student tenants, but structurally in very good condition
New roof recently installed
Located on a clean, quiet street with rear parking for up to 4 cars
Internals (kitchen & bathrooms) in working condition and usable for now
📆 Future works:
After 12 months, a light refurb is recommended: full redecoration, new flooring & furniture, minor kitchen upgrade (tops/taps/oven), but no major structural work required. 💡 Ideal for a first-time investor looking for strong yield with low upfront costs and scope to add value later. 💷 Listed at £225,000 🎯 Suggested Offer: £195,000–£200,000 🔧 Refurb Year 1: £0