A couple of HMOs have appeared in recent days - both on the St James / Duston borders which is a good location for a professional let. These are both larger properties and are offered with vacant possession. The owner would need to furnish.
Peverels Way, Duston
Available for £140k. Is operated currently as a HMO and brings in £18,000.
That's a yield of over 12%. Currently used as 4 lettable rooms. Would be 5 if you forgo the lounge.
Glasgow Street, St James
Available for £125k. Is not operated currently as a HMO, but is prime, and should bring in over £19000 per annum. That's a yield of over 15%. 4 lettable rooms.
Contact richard.baker@belvoirlettings.com for more details on these properties.
Peverels Way, Duston
Available for £140k. Is operated currently as a HMO and brings in £18,000.
That's a yield of over 12%. Currently used as 4 lettable rooms. Would be 5 if you forgo the lounge.
Glasgow Street, St James
Available for £125k. Is not operated currently as a HMO, but is prime, and should bring in over £19000 per annum. That's a yield of over 15%. 4 lettable rooms.
