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6 bedroom terraced house for sale
Caernarvon Close, Hemel Hempstead
£560,000
Caernarvon Close, Hemel Hempstead
£560,000
Price History
Initial price | £635,000 |
09/05/24 | £625,000 |
13/06/24 | £595,000 |
28/08/24 | £575,000 |
12/11/24 | £560,000 |
Price Change | -11.81% |
Description
This fantastic investment opportunity is a well-established 6-bedroom all-en-suite HMO in Hemel Hempstead, fully tenanted and managed by Barratt Sales and Lettings Limited since 2020. The property underwent a back-to-brick renovation in 2016/2017 and has been maintained with minimal voids. The ground floor features two bedrooms with en-suite shower rooms, a communal dining area, and a bright kitchen/lounge space. The first and second floors have four additional en-suite bedrooms. The property has a large garden, is situated near Hemel Hempstead town center, and is within a 10-minute drive to the M25 and 30-minute drive to Luton airport. The current income is £4,200 per month, with scope to increase rents to current market rates. The property was previously under monitoring due to internal cracks caused by a nearby council-owned tree, but the tree has been removed and no further movement has been registered.