Initial price	£170,000
09/06/24	£158,000
Price Change	-7.06%

Summary: This is an end-terrace property in [LOCATION], specifically designed as a House in Multiple Occupation (HMO) for professionals, currently yielding a 13.6% gross yield with the potential to increase to 17% with the conversion of the lounge into a fifth bedroom. The property features four double bedrooms, two bathrooms, and includes bills in the rental, with all rooms currently let at £450pcm. It is fully tenanted and professionally managed, with a current rental income of £21,600 per annum, which could rise to £27,000 if a fifth bedroom is added. The property benefits from a local agent handling management, and while it is currently configured for four tenants, there is an opportunity to maximize income by accommodating five, subject to the necessary planning permissions and compliance with local regulations. The property is well-positioned for amenities and transport links, and further details and verification should be sought through conveyancing. A buyer's fee of 1.5% + VAT applies.