Prospect Road, Banbury, Oxfordshire, OX16 5HL

This exceptional 8-bedroom HMO property offers an outstanding investment opportunity with a license for 9 occupants, fully tenanted and generating a remarkable net yield of 8.74%. The property is located in a prime location, providing convenience and comfort for tenants and investors alike.

Property Details: Bedrooms: 8 spacious bedrooms, each with its own ensuite bathroom. Two of the largest bedrooms (1a+7) have the luxury of their own kitchenette. Furnished: The property comes fully furnished, ready for immediate rental or occupancy.

Rent Breakdown (Current Tenancy): Room 1: 570 Room 1a: 605 Room 2: 450 Room 3: 530 Room 4: 550 Room 5: 575 Room 6: 480 Room 7: 680 Total Monthly Rent: 4,440 Total Annual Rent: 53,280

Gross Yield: 10.66% Net Yield: 8.74%

The property is fully tenanted with long-standing tenants who have all been fully checked and passed referencing, ensuring they are reliable professionals. There is potential to increase rents to market rates, offering a higher return.

Market Rent Breakdown (Potential): Room 1: 650 Room 1a: 750 Room 2: 575 Room 3: 595 Room 4: 595 Room 5: 595 Room 6: 595 Room 7: 775 Total Monthly Rent: 5,130 Total Annual Rent: 61,560

Gross Yield: 12.31% Net Yield: 10.40%

Shared Amenities: Kitchen/Dining Area: A shared kitchen and dining area equipped with multiple white goods. Each tenant has their own fridge for added convenience. Outdoor Space: Low-maintenance garden with rear access to the road, perfect for outdoor relaxation and easy entry and exit.

Location & Accessibility: Prime Location: The property is situated within walking distance of the town centre, offering easy access to shops, restaurants, and entertainment options. Transport Links: The train station is within walking distance, making it an ideal location for commuters.

Investment Highlights: High Yield: Enjoy a net yield of 8.32% from this fully tenanted property with the potential to increase rental income. License for 9 Occupants: Offers flexibility for maximizing rental income.

Current Bills (Annual Costs): Broadband (Plusnet): 358.27 Council Tax: 2,014.00 Thames Water: 1,034.00 EON (Electricity & Gas): 3,587.27 Fire Alarm (6-monthly service): 547.32 Annual Extinguisher Test: 105.00 Insurance: 652.75 Annual Gas Check: 60.00 Cleaner: 1,210.76

Turnkey Investment: Fully furnished and tenanted, making it an excellent opportunity for investors looking for a hassle-free investment. Don t miss this chance to acquire a lucrative HMO property in a sought-after location with excellent potential for rental growth. Contact us today for more information and to arrange a viewing!