Steam Mills, Cinderford, GL14

8 bedroom Multi-Unit Property in Cinderford

For Sale
Offers Over £395,000
Current Yield 9.2 %
Potential Yield 9.4 %
Property Reference: 209343374
  • Multi-Unit Property
  • 8 Bedrooms
  • 4 Bathrooms

Property Features

Property Features

  • Multi-Unit Property
  • A Portfolio of HMO and Residential Units
  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Shared Facilities for HMO unit
  • Self-contained 1-bedroom Flats
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

A portfolio of HMO and residential units located in Cinderford. There are various valuable amenities within walking distance of the property and it is able to generate fantastic rental returns.

For investors looking for a rewarding investment, this is a brilliant opportunity!

This property comprises a six-bedroom unit currently used as an HMO, along with two self-contained one-bedroom flats. The HMO unit features two bathrooms, a shared kitchen, and a lounge, while each self-contained flat includes its own bathroom, lounge, and kitchen. All units have access to a shared backyard for added convenience.

Investment details

It currently produces an annual gross income of £46,992 which could be increased by the new owner to a market rate of £48,000 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Helpful Information

Property Reference: 209343374

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £3916
  • Potential Rent pcm: £4000
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 5 years +
  • Tenants means of funding: Employment
Property Reference: 209343374
Property Reference: 209343374

Property Location

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Request DetailsSteam Mills, Cinderford, GL14

Offers Over £395,000

Make an offer
Steam Mills, Cinderford, GL14

Listing Price

Offers Over £395,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.