Maple Road, Bicester
£485,000

Guide price

Bedrooms: 5
** Five Bedroom HMO **

IMS are pleased to bring to the market this spacious 5 bedroom detached HMO with potential to extend. Situated in a peaceful neighbourhood, near the end of a cul-de-sac, it is currently used as a very successful HMO yielding a good return on investment.

Situated close to two railway stations offering easy commutes to Oxford, Birmingham and London, the house consists of a large and comfortable communal living/dining room with fireplace and patio doors into the garden. The kitchen opens off the living room and is a light, well equipped and modern kitchen with integrated hob, oven and dishwasher. The kitchen provides ample storage and facilities for 5 tenants.

Off the living room is a large double bedroom with ensuite shower room. Currently let for £700pcm (discounted, but market value is £775pcm).

Off the entrance hall is a further ensuite double bedroom currently let for £750pcm.

Upstairs are three further double bedrooms which share a family bathroom. The two largest are currently let for £650pcm each. The 5th bedroom is currently not let but would also let for £650pcm which would require an HMO licence. Following a previous inspection of the property the local council HMO inspectorate informed the current owners that this should not be a problem.

The private enclosed garden has a large patio area and two lawns, is fully fenced with gated pedestrian entrance from the front driveway. The property is already a good size, but the garden gives the opportunity for a significant extension and there had previously been planning permission granted for this (now lapsed).

All furniture and fittings in the property are included in the sale price, so with four tenants currently in occupation there is nothing further needed for a new owner to receive immediate revenue from their investment.

The property currently yields 7% gross on 4 let rooms and would yield 8.5% gross with 5 rooms let. The property has been fully tenanted in 4 rooms for over 3 years and has proved a very attractive home for professional renters.

Key information:

Tenure: Freehold

Council Tax Band: D

EPC Grade: D

Central Heating: Gas

Price - £ 485,000

01869 388004

IMS - Bicester

6 Deans Court, Bicester

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