10 bedroom terraced house for sale

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10 bedroom terraced house for sale

Milton Road, Swindon, Wiltshire
£740,000

Price History

Initial price £750,000
15/10/24 £720,000
18/12/24 £740,000
Price Change -1.33%

Description

Milton Road in Swindon offers a remarkable investment opportunity in the form of a meticulously developed HMO with 10 en-suite bedrooms, including one studio. The property was transformed from a former commercial property into a modern, fully compliant HMO, featuring two well-equipped kitchens, modern neutral décor, and practical additions like guaranteed superfast broadband and off-street parking for two vehicles. The property generates a total monthly income of £6,829, with an annual income of £81,948, and an expenditure breakdown of £848 per month, resulting in a net annual income of £71,772 and a gross yield of 11.07%. The financial summary does not account for potential vacancy periods or additional management costs, which could impact the property's actual performance.