4 bedroom house of multiple occupation for sale

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4 bedroom house of multiple occupation for sale

93 Silver Street, Coalville, Leicestershire, LE67
£250,000

Price History

Initial price £275,000
06/11/24 £250,000
Price Change -9.09%

Description

This investment property is a mid-terrace house with a large garden, arranged as a 4-bedroom HMO, located in Whitwick, a village near Coalville. The property generates a total rental income of £21,540 per annum, with a gross income yield of 11.02%. The property is fully let, with three rooms currently occupied by individuals on Assured Shorthold Tenancies (ASTs), and one room vacant with an estimated rental value of £6,000 per annum. The property is situated within a short walk of the High Street, with nearby occupiers including a Co-Op Food store, Post Office, and various takeaways. The property does not incur VAT, making it an attractive investment opportunity for those looking to generate a strong yield.