Wednesday, 13 April 2016

Spacious 3 Bedroom Mid Terrace Near Hospital - May Suit "Mini Mo" (£1,170pcm)

This 3 bedroom, 2 reception room terrace on Cleveland Rd is right next to the hospital and would suit conversion to a "Mini HMO"

It's priced at £125,000 and looks to be in a generally good condition but would benefit from a lick of paint and the kitchen and bathroom being updated as they're functional but a bit dated

It could rent out as a single let to a family for around £595pcm but the size of the property lends itself to being rented out to 3 individuals using the 2 upstairs double bedrooms and the downstairs dining room as double bedrooms

The room sizes would allow them to all have ensuites which will increase the appeal and also the achievable rent

There is a 4th bedroom but this is a small single bedroom typical with this sort of property so I'd suggest this was left as a storage room or for drying clothes etc

Based on improving the kitchen and bathroom, giving it a lick of paint throughout and putting ensuites into the 3 bedrooms I'd suggest £90 per room per week will be achievable, giving £1,170 rental income per month

It's on the market with Purplebricks (online agent) so click here for details http://www.rightmove.co.uk/property-for-sale/property-58404485.html and arrange a viewing - you'll probably end up with the vendor doing the viewing

Give me a call if you'd like to discuss this or this sort of Mini HMO investment - call me on 0191 567 8577 or email neil.whitfield@belvoirlettings.com

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