** PLEASE  NOTE  THIS  PROPERTY  HAS  NOW  SOLD SUBJECT  TO  CONTRACT **

Ultra modern brand new 6 bed 6 ensuite fully tenanted professional Sui Generis Hmo. £51,540 gross rent per annum!

£500,000

178 Victoria Road, Swindon, SN1 3DF

**Please note upon request we can send a link for videos if needed please call to discuss**

178 Victoria road really is our highest end property we own. Full renovation was completed in November 2019. The property was stripped back to bare brick and EVERYTHING is the property was replaced to the highest standard. 

The renovation included roof fully relayed, full double glazing throughout, brand new full central heating system throughout, full rewiring of all new electrics. All walls were replastered, new staircases to prevent noise, added insulation and noise protection, plus all the additional features and finishes seen in the photos. 

The property is located right next to the town centre, main shops only a 5 minute walk away. This is the most popular location for tenants. It caters for all the nationwide workers that like to be located town centre/old town but also all other professionals as it is so well linked to the bus station and town centre. 

The property has been specifically built in accordance to tenants needs, hmo regulations and for durability and low maintenance. 

The property has a separate plant room accessed from the lower ground floor at the front of the house. It contains a large unvented cylinder and boiler specifically to cater for the use of 9 people that can stay within the property. The boiler is a brand new Worcester boiler.

Also, on the lower ground floor at the front, is a bin store to keep all the rubbish neat and tidy. Along with secured area for storing bikes for the tenants. 

The hallway has a built-in entrance door matt, with ceramic tiles perfect for high footfall and low maintenance. This leads down to the staircase which has vinyl laminate stairs that look really smart, but still provide a robustness for renting. 

The lower ground floor provides a storage cupboard for hoover, mop, bucket, also contains data centre , wifi router and electric fuse board. As seen on the floorplans there is a utility area by the back door that leads to the garden, proving 2 washing machines and 2 dryers along with worktop for ease of use. 

The back garden provides a nice communal area in the summer, with seating area. The garden is laid to AstroTurf for low maintenance, the enclosed garden gives the tenants privacy to relax and unwind.

The communal room has a beautiful bay window, dinning table and chairs, a large 4 seater sofa, 2 coffee tables, and a  50” smart tv on the wall with electric fire underneath for aesthetics. The rug and display unit of quirky items, along with the brick wall wallpaper and Aztec features throughout really provide a modern and chic feel to the house. 

The kitchen has two integrated large fridge freezers , two hobs and two ovens. This provides plenty of storage and space needed for multiple tenants to be in the kitchen at the same time. There is ample base unit and wall units that provide all the utensils and storage needed for the tenants. (bare in mind room 4 and 6 have their own kitchenette with their own fridge freezer, and washer dryer along with additional storage. The small touches such as kickboard lights, spot lights throughout, built in bin and recycling bin , and ceramic wall tiles (easy to wipe down and maintain) all add to the high end feel of the house.  

The communal hallways have censored lighting which work perfect for tenants, the grey woodwork with the grey doors really does setoff the original woodwork features of the house. 

Each room has a key safe outside the door (to cover all lockouts without having to attend the property) more details of processes of how the house is run will be given upon handover to the buyer. 

All the bedrooms have, solid built in bespoke mirror sliding wardrobes, with double rail storage and built in shelves and compartments. This gives a huge amount of storage and eliminates having to have bulky drawers within the room. The storage really does sell the rooms, ladies with lots of clothes really do love the amount of space all hidden neatly away. Each wardrobe also has storage for an iron and ironing board, so there is no sharing which eliminates calls. All items provided to the tenants would be included within the sale. 

Each bedroom has data CAT5 cabling fully hard wired into the room, which laptops, computers or tvs can be wired into to provide a fast a and reliable connection. 

The finishing on the rooms is 5 star, with chrome sockets throughout, wallpaper featured walls in every room, high quality stylish furniture, 32” Smart tvs in every room and made to measure custom blackout blinds. 

The En-suite bathrooms really are a wow factor with this property. The en-suites are all very good sizes (double rooms have larger en-suites). They have full ceramic marble floor to ceiling tiling with built in bespoke mirror. The bathroom furniture is all made to match with high end grey finish and built in storage. The large rain head shower with detachable hose and waterfall taps really add to the the finish. These really are the sleekest hmo en-suites in Swindon and make the rooms really stand out. 

The 2 studio (rooms 4 and 6) with kitchenettes-, provide all the same features of the other rooms but also have a sofa area to provide an additional area to relax. Room 4 actually has 2 x 32” smart tvs. The kitchenettes really do work well, reducing the use on the main kitchen and providing added privacy for the tenants. Although no fixed cooking appliances the kitchenette still provide, fridge freezer, sink, washer/dryer, microwave, toaster, kettle, and additional storage cupboard. We have a waiting list for people looking to upgrade to these studios they are so popular. 

This really is a show stopper and built for longevity to remain at the highest standard to demand a strong rental income for many years to come. 

Price : £500,000
Gross Yield : 10.3%
Gross Monthly Rent: £4,295

RENTAL SCHEDULE

✔ All tenants are on standard AST contracts which all require one months notice.
✔ Note room 1, 4 and 6 can be doubles if needed as license is for 9 people.
✔ Note all rooms are ensuite and studios have additional kitchenette
✔ Note room 2 vacant, but will be filled upon sale.

Room schedule:

Room Occupancy Tenancy Start Date Min. Tenancy End Date Deposit Rent pcm
Room 1 double  01/02/2020 01/08/2020 £300.00 £675.00
Room 2  Single  05/11/2020 05/02/2021 £300.00 £690.00
Room 3  Single 21/09/2020 21/03/2021 £300.00 £650.00
Studio 4 Single  17/09/2020 17/12/2020 £300.00 £860.00
Room 5 single  07/11/2020 07/02/2021 £300.00 £625.00
Studio. single  12/02/2020 12/08/2020 £300.00 £795.00

Gross Monthly Rent: £4,295

Gross Annual Rent: £51,540

OPERATING COSTS (PCM)

✔ Gas: £100
✔ Electric: £100
✔ Water: £35
✔ Broadband: £40
✔ Council Tax: £187 (average across 12 months)
✔ TV Licence: £13
✔ Cleaning: £60

✔ Off Street Parking Spaces Rented (currently 3): £199.50

✔ Optional Management (zing homes): 10% of gross rent

DETAILS

Property Type: Mid-Terraced House
Tenure: Freehold
Construction: Brick & Tile
Condition: Excellent
Additional Parking: (spaces rented see in costs)
Heating: Gas Central Heating
Double Glazing: Full
Tenant Type: Working professionals.

ACCOMMODATION

Ensuite rooms: 4
Studio Ensuite rooms (with kitchenette):
 2

PLANNING & LICENSING

HMO Licence Required: Yes
HMO Licence In Place: Yes
Licensed No Of Persons: 9
Licensed Units of Accommodation: 6
Planning Use Class: Sui Generis
Commercial Valuations Available: Yes

SYSTEMS IN PLACE

Management

✔ At present these are managed by our own management company – Brett Property Lettings Ltd. The property can be taken on to be self manged using all existing systems. Or for completely hands off approach we have a well trusted local agent who we have a great relationship with, ready to take the properties on. We can put this all in place prior to sale for a seamless transfer of ownership. Our agent (zings homes) manages many of our properties we have sold and has vast experience in the local area and dealing with the requirements of the local working professionals.

Cleaning

✔ We have existing well versed cleaning company in place called nano green, they come once a week this can be left in place for seamless transfer of ownership (zing homes also use this company) or if your preference is to self manage and source your own this can be arranged.

Repairs

✔ If you take management of zing homes they will deal with all these themselves, if you choose to self manage we can pass on trusted tradesmans we use for repairs.

Changeover upon purchase

✔ Before completion you will be given a handover booklet which will detail everything needed for a seamless changeover. We do everything to make it hands off and easy. If using the agent this can be pass straight to him.

✔ All contracts, bank details and deposits will be switched into the new ownership.

✔ All tenants will be informed of the change.

✔ All security passcodes and keysafe codes will be handed over.

✔ All meter reading handed over and details of supplies.

✔ All certificates and property information will be passed over.

✔ All marketing material, photos and videos passed over.

✔ Always hear on call for any further questions or assistance needed.

ADDITIONAL FEATURES

✔ Fully Tenanted
✔ Great Location
✔ Capital Growth Potential
✔ Fully Managed
✔ WiFi Enabled Heating
✔ Shared Kitchen/Dining Area
✔ Fully Refurbished
✔ Strong Rental Demand
✔ Good Transport Links
✔ Separate Plant Room
✔ Wireless Broadband
✔ HMO Compliant Fire Alarm

Please click on a pdf icon to view a document:

 

Hmo licence
Floorplan
Gas safe
Landlord annual gas safety certificate
Electrical sign off
Emergency lighting certificate
Annual fire detection certificate
Planning permission
Planning drawings
EPC