Whitstable Road, Canterbury
18 bedroom house - detached
Price Guide £1,395,000
HMO investment opportunity with a gross return of 8.3% per annum. A substantial freehold detached property comprising of 18 letable rooms, let to predominantly students who attend the University of Kent.
The property is located on Whitstable Road, Canterbury, a highly desirable position for students due to its walking proximity to the University, Canterbury City centre and Canterbury West Train Station.
Arranged over three floors, the property provides 18 bedrooms, large communal dining facilities with two kitchens, 3 shower rooms, 1 bathroom and 2 further WCs.
To the rear of the property there are gardens which lead onto a parking area for several cars which can be accessed from Westgate Court Avenue, via a shared driveway.
The property is let on individual tenancies with a collective income of £117,000 per annum which includes utility bills and a weekly communal clean.
The property benefits from having a large rear garden and additional parking area which may (subject to planning) offer optional additional development opportunity/use. In addition, the property was granted planning consent for the conversion to 9 x apartments on 2nd March 2016 ref CA/15/02157.