04 September 2015
5 bedroom semi-detached house for sale giving you a 6.3% Yield
This house is up for sale with Cheffins with a guide price of £450,000 and was constructed post war and enjoys an established position conveniently placed for the city centre, excellent local schools and commuter links. This makes this property either great for a professional family or if you look at the bigger picture the property would make a great HMO.
The property has been extended to almost double its original size and the current owners have carried out a programme of refurbishments. The re-development includes solar panels and an air source heat pump system. It is not only friendly to the environment but offers a potential purchaser a huge financial saving.
The kitchen/dining/family room has been refitted with stylish and contemporary storage cupboards which includes granite working surfaces and both bathrooms have been refitted with luxury suites potentially selling itself to tenants. The garden has been professionally landscaped and is generously proportioned yet easy to maintain and enjoys excellent levels of privacy making this property the perfect HMO for high end working professionals.
Why not offer these rooms for £600pcm per room which would give you a monthly income of £3,000, take into consideration the alterations for your HMO licence and the fact that you will now be liable to pay the council tax and you would be left with a yield of around 6.3% which is not bad at all for Cambridge.
You will find more pictures and information on this property by following the link below:
http://www.rightmove.co.uk/property-for-sale/property-51486079.html
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