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HMO investment opportunity for sale in Stanford-le-Hope

Morley Hill, Stanford-le-Hope, Essex, SS17 8HY
For sale
£535,000
john-d-wood-co
This property is marketed by:
John D Wood & Co

Description

A modern style six-bedroom end-terrace HMO investment opportunity currently let to students of a local performing arts college. 

This property occupies a corner plot and is 1394 sq ft in size. To the ground floor there is an entrance hall, cloakroom/wc, kitchen, living room, three rooms and a shower room. The first floor accommodation comprises five rooms, bathroom, shower room and a kitchenette. 

The property is currently producing a rent of £52,800 per annum which generates a gross yield of 10.13%. 

The Performers College, which has been a consistent source of tenants keeping the rooms full is within half a mile. Stanford-le-Hope is a commuter dormitory town for London, located 26 miles east of the City, with a population of 30,000 as at the 2021 census. It has good transport connections (A13, mainline rail), retail and leisure amenities. Stanford Le Hope train station is within 2 miles serving London Fenchurch Street.