Currently achieving £2,980 pcm with a guide price of £400,000 it appears to offer a tempting 8.9% gross rental yield from its 7 bedrooms that are currently let as individual rooms. However, I would strongly recommend any interested party to view the property and inspect it carefully, as it s likely it will require up-grading to ensre it continues to meet tenants increasingly exacting requirements.
Other cost to factor in are the need for HMO licencing, electrical and gas safety certification.
All that said, it looks like an interesting property for an investor who proceeds with their eyes open!
The property is to be sold by auction at the Macdonald Botley Park Hotel on 27 October.
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