4 bed terraced house for sale

Broadwater, Tinkers Bridge, Milton Keynes MK6

Summary
Investment Opportunity: Licenced HMO through Milton Keynes Council offering a Landlord potential to increase an existing Portfolio or purchase as a new Buy to Let opportunity. Current rental yield totals £2510 per calendar month.

Description
Fantastic opportunity to purchase a Licenced HMO in Milton Keynes. Located in Tinkers Bridge the property has recently had a redecoration throughout the communal areas by its current Landlord. The split in the rents are as follows; Room 1 - £550 pcm, Room 2 (private lounge/very large double) and room 4 (smallest single bedroom) are let as a 2 room suite - £650 pcm. Room 3, double - £433 pcm, Room 6, large double £476.00 pcm, Room 5, single - £400 pcm.

All of the tenants except room 1 are very long standing. All rents are up to date, the property has been run as a HMO since 2008.

Investment Opportunity
This fully licenced HMO is a fantastic investment opportunity, offering high yield potential in Milton Keynes. The property features 5 bedrooms with each room currently let over a long term tenancy.

Location
Situated in Tinkers Bridge in Milton Keynes, with easy access to public transport, local amenities and the vibrant city life in Central Milton Keynes.

Rooms
Split over two floors, rooms 1,2 and 6 are on the ground floor, rooms 3,4 and 5 on the first floor.

Shared Facilities
The property includes a fitted kitchen, downstairs cloakroom/utility and upstairs bathroom. There is a small garden to the rear.

Income
Currently generates a steady monthly rent of £2510.00 with potential for rent increases.

Compliance
The property meets all HMO regulations, including fire safety measures, gas safety certificate, pat tests and eicr within date, together with appropriate licensing with Milton Keynes Council.

Internal Measurements

Bedroom 13' 5" x 12' ( 4.09m x 3.66m )

Private Lounge 13' 5" x 8' 10" ( 4.09m x 2.69m )

Bedroom 14' 9" x 12' ( 4.50m x 3.66m )

Kitchen 11' 10" x 11' 10" ( 3.61m x 3.61m )

Separate Wc 5' 3" x 2' 2" ( 1.60m x 0.66m )

Bedroom 11' 10" x 8' 10" ( 3.61m x 2.69m )

Bathroom 5' 11" x 4' 9" ( 1.80m x 1.45m )

Bedroom 8' 4" x 5' 8" ( 2.54m x 1.73m )

Bedroom 11' 10" x 7' 5" ( 3.61m x 2.26m )

Agents Note:
The property is of non standard construction, please speak with your conveyancer.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.