12 Bed Of Multiple Occupation House For Sale Withermoor Road, Bournemouth, BH9

A Unique Investment Opportunity - 3x 4-Bedroom Detached HMOs\r
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Unlock the doors to a lucrative investment with this exclusive portfolio of three 4-bedroom detached HMO properties nestled in the heart of Winton on Withermoor Road.\r
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Each property boasts freehold status and falls within the council tax band of C, presenting a compelling investment prospect.\r
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With a let agreed (pending signature) for August 2024, each property commands a rental income of £2,187 per calendar month, inclusive of bills, culminating in an impressive gross yearly rental income of £78,720. Operating expenses, covering utilities, broadband, and insurance, total £828 per month for all three properties. After factoring in the 10% monthly management agent fees, the combined net monthly income amounts to £5,516.\r
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At a market value purchase price of £1,030,000, this portfolio offers a commendable gross rental yield of 7.64%, coupled with a net yield of 6.43%.\r
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Each HMO property features a similar layout, comprising an open plan kitchen, lounge, and diner, complemented by four spacious double bedrooms and a bathroom complete with an electric shower over the bath. Gas-fired central heating and double glazing ensure comfort throughout.\r
Ample off-road parking and gate access to the rear gardens further enhance the appeal of these properties.\r
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Strategically positioned within walking distance of Bournemouth University and Winton High Street, these properties are highly sought after by students, consistently commanding premium rent. Winton's vibrant parade, offering an array of shops, eateries, bars, and amenities, is just a short stroll away. Additionally, Bournemouth town centre and beaches are easily accessible by car.\r
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Viewings are highly recommended to fully appreciate the potential of this exceptional investment opportunity.\r
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Don't miss out on securing your stake in this lucrative investment portfolio! Contact our dedicated specialist sales advisor to schedule your viewing and embark on your future home or investment endeavour today!\r
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This property is ONLY available for purchasers who are NOT in a chain.\r
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1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.\r
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.\r
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.\r
4: Potential buyers are advised to recheck the measurements before committing to any expense.\r
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.\r
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*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.\r
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.