78 & 78a High Street
Ramsgate
Kent
CT11 9RX
Marine Parade, Sheerness
£750,000
9 Bedroom House - End Terrace
Nestled on Marine Parade in Sheerness, this stunning Victorian end-terrace house, built in 1900, offers a remarkable opportunity for both investors and those seeking a spacious family home. Spanning an impressive 3,315 square feet, the property boasts seven well-appointed bedrooms and a reception room, providing ample space for comfortable living.
Having undergone a makeover and is a 9 room HMO with a licence for 14 persons. , this property is presented to a very high standard, ensuring a clean and inviting atmosphere throughout. The exterior has also been beautifully maintained, enhancing the overall appeal of this charming residence.
Currently fully licensed as a 14-room House in Multiple Occupation (HMO), this property is ready for immediate occupation and lettings. The rental demand in the area is exceptionally high, with potential earnings of £750 per month per room, making it an attractive investment opportunity. With thousands of applicants actively seeking rental accommodation, the new owner can expect a steady stream of prospective tenants.
This property is not just a house; it is a gateway to a lucrative investment in a thriving rental market. For those interested in capitalising on this opportunity, Lovett's of Ramsgate, Kent, is available to assist with any inquiries and to facilitate the next steps in securing this remarkable property. Don't miss out on the chance to own a piece of Victorian elegance in a prime location.
5 x single with On-suite ~ £850 PCM
4 x single rooms ~ £750 PCM
Total rental income with full occupancy PCM ~ £7250
Yearly ~ £87,000
Room share ( floor space required to share 10.22 sqm)
5x double with on-suite ~ £950 PCM
4 x single rooms ~ £750 PCM
Total rental income with full occupancy PCM £8000
Yearly £96,000
Valuation yield in this area 10.4 %
Total commercial value of property £998,400
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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