Clarendon Street, Wolverhampton, West Midlands, WV3
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
11
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Income: £55,000 per annum (12.22% yield)
- 11 bedroom HMO (11 en-suites)
- Large rooms
- Ideal investment opportunity
Description
The premises occupies a prominent location situated on the corner of Tettenhall Road and Clarendon Street, within Wolverhampton. The site is ideally located within close proximity to transport links and a range of amenities, including supermarkets, schools, convenience stores and GP practices.
Description
The property comprises of a well-appointed four storey licensed HMO with 11 bedrooms (all with ensuites), recently refurbished kitchen, courtyard, basement and off street parking, to the rear. The property is registered for 17 occupants, therefore 6 rooms benefit from double occupancy.
All rooms are currently let, with the exception of one large ground floor room which is currently undergoing refurbishment. This room will benefit from its own kitchenette. The property is grade II listed.
Investment
The property is currently under rented, generating £55,000 per annum (£416 pcm per room). The estimated rental value is approximately £70,000 per annum, equating to an average of £530 pcm per room, reflecting a gross yield of 15.55%.
Price
£450,000
Tenure
The property is available with freehold tenure.
Council Tax
The premises is currently within council tax D.
EPC
D - 60
Legal Costs
Each party is to bear their own legal and professional costs incurred.
VAT
The property is not elected for VAT.
Anti-Money Laundering Regulations (AML)
We require two forms of ID, with confirmation and source of funding from the buyers or lessees of the property.
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Clarendon Street, Wolverhampton, West Midlands, WV3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverhampton St George's Tram Stop0.9 miles
- Wolverhampton Station1.0 miles
- The Royal Tram Stop1.2 miles
Notes
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Visit our security centre to find out moreDisclaimer - Property reference CLARENDONSTREET. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by The George Property Group Limited, Covering Wolverhampton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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