NSW Properties are pleased to bring to the market for sale this fantastic five bedroom HMO (House in Multiple Occupation) located in Ormskirk town centre, close to shops and amenities. The location is ideally situated for students and a fantastic opportunity for investors to add to their portfolio.
The property is currently fully let to students for both the 20/21 academic year and the 21/22 academic year guaranteeing an annual income of £21,375 up until summer 2022. With minor alterations it is estimated that the property could achieve an annual income of £31,680 representing an 11.75% return on investment. In addition an annual income of £36,000 could be achieved following limited improvement works.
Upon entry the accommodation briefly comprises of a bright and spacious lounge with a ground floor bedroom just off the entrance hall. Proceeding through there is a downstairs shower room/w.c, separate w.c and kitchen to the rear which gives access out onto the yard area. Outside there is a rear substantial stoned garden area.
To the first floor there are four further good sized bedrooms.
To the front of the house there is a private parking area for one vehicle with further on road parking available for residents.
Further benefits include double glazing and gas central heating throughout with a new boiler fitted in January 2021.