Detached house for sale in Withermoor Road, Bournemouth BH9

** Investment Property **

Positioned in the heart of Winton, National Residential proudly presents this exceptional 4-bedroom detached HMO house on Withermoor Road.

This freehold property, boasting a council tax band of C, offers a lucrative investment opportunity.

Currently, a let has been agreed (pending signature) for August 2024 at £2,160pcm, inclusive of bills, resulting in an impressive gross yearly rental income of £25,920. Operating expenses, encompassing utilities, broadband, and insurance, total £248 per month. After accounting for the 10% monthly management agent fees, the net monthly income stands at £1,696.

At a market value purchase price of £350,000, the property presents a commendable gross rental yield of 7.41%, with a net yield of 5.81%.

This HMO property represents a shrewd investment choice. Its layout comprises an open plan kitchen, lounge, and diner, complemented by four spacious double bedrooms and a bathroom featuring an electric shower over the bath. Gas-fired central heating and double glazing ensure comfort throughout.

The property offers ample off-road parking and gate access to the rear garden, enhancing its appeal.

Conveniently situated within a short walk of both Bournemouth University and Winton High Street, this property is highly sought after by students and consistently commands premium rent. Winton's vibrant parade, boasting an array of shops, eateries, bars, and amenities, is within walking distance. Moreover, Bournemouth town centre and beaches are just a short drive away.

Viewings are highly recommended.

Book your viewing today and seize this exceptional investment opportunity! For further information or to arrange a viewing, please contact our dedicated specialist sales advisor. Your future home or investment endeavour awaits. Schedule your viewing now!

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.