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"HMO
Close To Mainline Stations
Town Centre Location
Fully Licensed
Investment Opportunity
Well Presented
Fully Tenanted
7 Bedrooms

* GUIDE PRICE £400,000 - £450,000 * 6 Bedroom * 10 Person Licenced HMO Investment * Close To Mainline Stations & Town Centre * Fully Tenanted * 9.5% Gross Yield * 7.9% Net Yield * Well Maintained * Modern Interior * Two Bathrooms * Planning Permission for Loft to be Converted into Self Contained Unit *

Please contact Geering & Colyer today to book your viewing.

Geering & Colyer are delighted to offer this unique opportunity to purchase this beautiful FULLY LICENSED HMO (House in Multiple Occupation) to the market in the central town location of Randall Street in Maidstone.

The property is currently a fully licensed six bedroom 10 person HMO investment. It has been recently refurbished and is fully compliant with all current regulations including a mains fire alarm system throughout. It is set up with six bedrooms, five doubles, one single and two bathrooms. There is a communal kitchen, garden to the rear.

The current tenants have all been hand selected by the current landlord with a view to creating a respectful, harmonious household. The average age of each tenancy is currently 12 months.

This HMO is a ‘turn key‘ buisness perfect for any investor looking to generate a high yield providing a fantastic return. The property is fully tenanted.

It is clear to see the current owner has invested a lot of time, energy and finaces into creating this well presented HMO. With 6 bedrooms, well presented communal areas and external spaces to the garden the property provides a great enviroment for the tenants.

Room 1 Ground - Front Room 2 £625 - £7,500
Room 2 First - Rear 1 £550 - £6,600
Room 3 1st Floor - Front 2 £750 - £9,000
Room 4 2nd Floor - Rear 1 £575 - £6,900
Room 5 2nd Floor - Front 2 £850 - £10,200
Room 6 Lower Ground 2 £675 - £8,100
Total £4,025 - £48,300

Randall Street is situated a stone‘s throw away from Maidstone town centre, the property is in an ideal location for access to the high street shops, shopping centres, cafes, pubs, restaurants, and family entertainment the county town has to offer. For travel Maidstone West Train Station is a convenient for easy access to London, plus there is a choice of Maidstone-s other two main stations, Maidstone East and Barracks, for more options into London and the local areas like Medway.

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