Initial price	£450,000
14/11/24	£425,000
Price Change	-5.56%

This six-bedroom licenced HMO is located in a bustling area near Christchurch Road, Pokesdown Train Station, and the beach. The property has recently had its external aspects replenished and features a large concrete driveway, grass garden, and ample parking space. Internally, the property has two large bedrooms downstairs, a living area, kitchen, and four bedrooms upstairs, including a shower room and bathroom. The property has been well-maintained and has been managed by the same lettings team for the past five years, with a tenancy in place for 2024/25. The property generates a gross annual yield of 6%+ with a rent of £3,000 per month, excluding bills. The property is fully licenced and has all relevant compliance certificates. Additionally, there is potential for further development, with rough drawings made for a rear ground floor extension to create a lounge, which could increase the number of rooms to create a 7-bed dwelling plus ensuite.