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7 bedroom house of multiple occupation for sale
Fairfield Road, Buxton, Derbyshire
£350,000
Fairfield Road, Buxton, Derbyshire
£350,000
Price History
Initial price | £370,000 |
19/10/24 | £360,000 |
27/11/24 | £350,000 |
Price Change | -5.41% |
Description
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Here is a summary of the property description in a single paragraph:
This 7-bedroom HMO property in Buxton, UK, offers a high-yield investment opportunity with a fully tenanted property. The property, renovated in 2016, has 7 bedrooms, each with an ensuite bathroom, and is located in a prime area close to amenities and transport links. The property generates a total monthly income of £4,165 and annual income of £49,980, with a net annual income of £37,013 and a gross yield of 14.28%. The property also has a net yield of 10.58%, making it an attractive proposition for investors seeking robust returns. With a diverse economy driven by tourism, healthcare, and education, and ongoing developments in the area, this property has strong potential for long-term capital growth and rental income.