5 bedroom hmo

Cottage Beck Road, Scunthorpe DN16 1LQ

Size: sqm

Purchase price

£130,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £22,798
Lettings fees £2,736
Net income £12,340
Gross yield 17.54%
Net yield 9.49%

This fantastic example of a HMO is an ideal investment choice, already fully licensed and occupied this investment can generate you an impressive high return right from completion. The property consists of five double bedrooms, each furnished with double bed, wardrobe and a chest of drawers. The kitchen is modern and newly fitted complete with all appliances. Bathrooms include a spacious four-piece bathroom and separate downstairs shower room with toilet. To the rear is an enclosed rear yard and ample on street parking is available.

Cottage Beck Road is ideally located within walking distance of the town centre which offers a range of shops and food establishments. The town benefited from a £10million development fund to redevelop their high street, improve their public spaces and create a huge enterprise and innovation hub for budding new businesses. Scunthorpe has strong transport links to Doncaster, Cleethorpes and is only a 45-minute journey into Lincoln and the same distance to the coast.

Scunthorpe is an industrial town in North Lincolnshire, it is Lincolnshire’s third most populated area with a population in excess of 80,000. North Lincolnshire has an established manufacturing sector and is known for being an engineering centre of excellence which plays a significant role in the local economy and ensures a steady demand for rental properties. Scunthorpe has made iron for more than 150 years and is the base of world leading companies such as British Steel, one of Europe’s leading steel manufacturers creating employment opportunities.

ATTENTION INVESTORS - HIGH YIELDING FULLY OCCUPIED HMO! Excellently located five bedroom freehold HMO generating an impressive return, don't miss out and enquire today.

Interested in this property? Enquire today for more information

Key features

Key features

Excellent investment opportunity

Key features

Fully occupied and licensed HMO

Key features

Five bedrooms

Key features

Fully fitted kitchen with appliances

Key features

High yield

Key features

Management company in place

Key features

Freehold

Key features

Two bathrooms

Key features

Enclosed rear yard

Key features

Enquire today for further details

Key features

Freehold

ATTENTION INVESTORS - HIGH YIELDING FULLY OCCUPIED HMO! Excellently located five bedroom freehold HMO generating an impressive return, don't miss out and enquire today. More info...

This fantastic example of a HMO is an ideal investment choice, already fully licensed and occupied this investment can generate you an impressive high return right from completion. The property consists of five double bedrooms, each furnished with double bed, wardrobe and a chest of drawers. The kitchen is modern and newly fitted complete with all appliances. Bathrooms include a spacious four-piece bathroom and separate downstairs shower room with toilet. To the rear is an enclosed rear yard and ample on street parking is available.

Cottage Beck Road is ideally located within walking distance of the town centre which offers a range of shops and food establishments. The town benefited from a £10million development fund to redevelop their high street, improve their public spaces and create a huge enterprise and innovation hub for budding new businesses. Scunthorpe has strong transport links to Doncaster, Cleethorpes and is only a 45-minute journey into Lincoln and the same distance to the coast.

Scunthorpe is an industrial town in North Lincolnshire, it is Lincolnshire’s third most populated area with a population in excess of 80,000. North Lincolnshire has an established manufacturing sector and is known for being an engineering centre of excellence which plays a significant role in the local economy and ensures a steady demand for rental properties. Scunthorpe has made iron for more than 150 years and is the base of world leading companies such as British Steel, one of Europe’s leading steel manufacturers creating employment opportunities.

  • Key features
    Tick Desktop Excellent investment opportunity
    Tick Desktop Fully occupied and licensed HMO
    Tick Desktop Five bedrooms
    Tick Desktop Fully fitted kitchen with appliances
    Tick Desktop High yield
    Tick Desktop Management company in place
    Tick Desktop Freehold
    Tick Desktop Two bathrooms
    Tick Desktop Enclosed rear yard
    Tick Desktop Enquire today for further details
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £22,798
Lettings fees £2,736
Net income £12,340
Gross yield 17.54%
Net yield 9.49%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.