8 bedroom semi-detached house for sale

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8 bedroom semi-detached house for sale

Prospect Road, Banbury, Oxfordshire
£525,000

Price History

Initial price £595,000
11/07/24 £565,000
15/02/25 £525,000
Price Change -11.76%

Description

This exceptional 8-bedroom HMO property offers a remarkable investment opportunity with a license for 9 occupants, generating a net yield of 8.32%. Located in a prime location, it provides convenience and comfort for tenants and investors alike. The property comes fully furnished and tenanted, with long-standing tenants who have all been fully checked and passed referencing. With a potential to increase rents to market rates, the property offers a higher return. The shared amenities include a kitchen and dining area, outdoor space, and proximity to the town centre, train station, and transport links. With annual costs of £8,792, this turnkey investment is an excellent opportunity for investors looking for a hassle-free investment, offering flexibility for maximizing rental income.