Clarendon Road

Under Purple Frog management since 2011, this 13 bedroom, student investment property is now available for sale and offers both an excellent return in its current format and potential to increase rent and capital value through additional improvements to the accommodation.
This is a four storey, property in a superb location with a long history of letting to students in the early part of the advertising season. Purple Frog Planning application services have submitted a request for Lawful Use as an HMO to satisfy lending criteria/buyer requirements and are in possession of a full and complete letting history.
Current Income:
13 Bedrooms at £151.57 for rent only and with tenants responsible for payment of utility bills. The owner currently supplies broadband.
Annually: £102,742 (bills additional)
Advertised income:
Rents have increased significantly this year and as such the advertised price for the 23/24 academic year is: £166.72pppw.
Anticipated income: £112,702. This offers a fabulous 8.5% adjusted gross return!
Accommodation:
Lower Ground:  Bathroom, Bedrooms 1 and 2, Utility room, WC and twin kitchens offering : Dining table, four sink units, three large fridge/freezers, two ovens and plenty of storage cuopboards.
Ground: Hallway and lounge with TV and sofas, Bedrooms 3,4 and 5.
First Floor: Landing, bedrooms 6,7,8 and 9, bathroom (shower cubicle and wash hand basin) and separate WC.
Second Floor: Landing, Bedrooms 10,11,12 and 13  bathroom (shower cubicle and wash hand basin) and separate WC.