TWO LICENSED HMOS - 11 ROOMS, STRONG INCOME, SOLD AS ONE INVESTMENT
A unique opportunity to acquire two fully licensed adjoining HMOs, sold together as a single investment package. Located on Mill Road in the popular WS4 area, this combined offering comprises a total of 11 bedrooms (including 9 en-suites) across two separate titles, offering a rare chance to secure a high-performing, fully occupied investment in one transaction.
The properties together generate a gross rental income of £6,165/month (£73,980 annual gross), achieving a net operating income (NOI) of £60,133 annually after comprehensive running costs. These HMOs are licensed individually and meticulously maintained, providing hassle-free, high-yield returns in a sought-after location.
PROPERTY BREAKDOWN:
16 Mill Road, WS4 1RH
5 bedrooms (all en-suites, created from 6 original rooms-easy to reinstate if desired)
Spacious kitchen and communal areas
Modern fixtures and fittings
18 Mill Road, WS4 1RH
6 bedrooms (4 en-suites)
Well-maintained communal facilities
Bright, welcoming spaces
FINANCIAL BREAKDOWN:
Monthly gross rental income: £6,165
Annual gross rental income: £73,980
Annual operating costs: £13,847
Net operating income (NOI): £60,133
The comprehensive NOI covers all running and compliance costs, including utilities, council tax, broadband, cleaning, TV licence, safety certifications, and HMO licensing.
INVESTOR VALUATION (YIELD-BASED):
Selling price: £745,000
Gross yield: 9.93%
NOI yield: 8.07%
EPC RATINGS:
EPC rating: 77 (current)
EPC potential: 85 (future)
Same ratings for both 16 and 18 Mill Road
ADDITIONAL INVESTMENT OPPORTUNITY:
For investors seeking to build a comprehensive HMO portfolio, these properties can be purchased together with 59 Hobby Way, WS11 7JY-an exceptional 6-bedroom licensed HMO. For more details, search 59 Hobby Way, WS11 7JY or ask the agent for further information.
Don't miss this standout dual HMO package at 16 & 18 Mill Road-high occupancy, strong returns, and comprehensive NOI coverage. These properties offer secure, low-hassle investing in a prime location. Contact us today to arrange your viewing!
