Tedagill, Carsons Drive, Great Cornard, Suffolk, CO10 0NE

5 BEDROOM TENANTED HMO | £39,000 PA RENT | 11.14% GROSS YIELD | PROFESSIONAL TENANTS IN SITU

An excellent opportunity for investors to acquire an established five-bedroom HMO in Great Cornard, Sudbury, offered for sale with working professional tenants already in situ and producing a strong existing rental income.

The property currently generates £3,250 per calendar month / £39,000 per annum, equating to an attractive 11.14% gross rental yield at the £350,000 asking price.

After the seller-supplied annual costs of council tax, energy, water and internet, totalling £6,478, the property produces £32,522 per annum after these listed costs, equivalent to approximately £2,710 per month and a 9.29% yield before other ownership and investment costs.

Accommodation comprises five letting bedrooms, each currently rented at £650 pcm, together with a shared kitchen/diner, bathroom facilities and utility space. Three bedrooms are situated on the ground floor with a further two bedrooms on the first floor.

The property also benefits from a separate garage, providing an additional feature for investors, with no additional rental income currently attributed to the garage in the stated returns.

The seller has advised that the property holds an HMO licence and is situated outside an Article 4 direction. Buyers should verify the relevant licensing and planning position as part of their own legal due diligence.

Located in Great Cornard, close to neighbouring Sudbury, the property benefits from access to the town's amenities and Sudbury railway station, which provides connections via Marks Tey towards Colchester and London Liverpool Street.

For an investor looking for an established, income-producing HMO rather than a property requiring tenants to be sourced from scratch, this represents an attractive opportunity with five individual rental income streams and professional tenants already in occupation.

Asking Price: £350,000 Monthly Rent: £3,250 Annual Rent: £39,000 Gross Yield: 11.14% Income After Listed Costs: £32,522 PA Yield After Listed Costs: 9.29%