6 Bed Semi-Detached House For Sale Buckland Road, Maidstone, ME16

£550,000- Semi-detached

1 of 15
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 14th May 2024

Description

FREEHOLD

COUNCIL TAX BAND B

***HMO INVESTMENT PROPERTY - BTL PURCHASERS ONLY****

This property has a guide price of £550,000 - £570,000.

We are delighted to offer to the market this well-presented 6-bedroom semi-detached HMO house on Buckland Road in Maidstone ideal for investment.

The property offers a well-adapted layout, offering spacious and comfortable accommodation, suitable for investment purposes.

The property is set over four floors with accommodation briefly comprising; on the lower ground floor there is a spacious kitchen/ dining room, fully equipped with fittings and appliances. Following on from the kitchen is a utility room and a modern bathroom. There is also a downstairs double bedroom and a W/C.

Stairs lead up to the ground floor of the property which consists of a further two double bedrooms, a dining room, modern kitchen, reception room, modern shower room and a W/C.

On the first floor of the property there are an additional two double bedrooms, a study ideal for working from home, a commodious reception room, a bathroom and a kitchen with fittings and appliances.

Finally on the second floor of the property there is a master bedroom, a storage room, a bathroom, an additional kitchen and a reception room.

Externally there is an enclosed rear garden and off-road parking to the front.

The property is located in Maidstone, Kent close to local amenities and shops. Within less than 1-mile is Maidstone East Railway station which provides services to destinations such as London Charring Cross, Ashford International and London Victoria.

The property is currently rented by 4 tenants on rolling contracts for £3545 per month excluding bills giving an annual income of £42,540 giving a 7.5% yield. The property is being sold to include tenants, contents and contracts. This makes this proeprty a very good investment opportunity.

Viewing is highly recommended to appreciate the investment opportunity on offer.
Agent Details
Sold.co.uk
First Floor, 50 St. Mary Axe, London, EC3A 8FR

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 6 bedroom property. See more properties like this.

£580,000
Maidstone, ME14
Terraced
3.9
£985,000
Maidstone, ME16
Detached
1.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested