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Arnold & Phillips are pleased to bring to market this four bedroom house in multiple occupation (HMO) located on Wigan Road in Ormskirk, West Lancs. This spacious property is popular with students as it resides just a short walk from Edge Hill University and the town centre and enjoys a selection of local amenities and retailers on its doorstep, whilst also enjoying excellent transport and commuter links.
This large property is being offered fully furnished as individual student living accommodation by the present owners, with current tenants in situ and new students signed up until the end of the 2024 academic year. The demand for student accommodation in Ormskirk continues to far exceed the supply of properties available.
The ground floor provides a large double bedroom and en-suite shower room along with communal lounge, rear fitted kitchen with an array of wall, base and tower units, and with a selection of freestanding appliances, with a rear utility room comprising of washing machine and tumble dryer completes the ground floor accommodation.
The first floor enjoys two large double bedrooms with en-suite shower rooms and one large single bedroom with has exclusive use of the large family bathroom.
A courtyard resides to the rear of the property with a further turfed garden beyond. Rented for 48 weeks of the year, the property current returns a 10% yield, with the potential for an increase to 11% which would still fall well within the buoyant rental market accommodation rates within Ormskirk. With gas central heating, double glazing and an overall good level of fit and finish, internal inspection is advised and early viewing will be essential to attain this lucrative investment opportunity.
Tenure: We are advised by our client that the property is Freehold
Council Tax Band: B
Every care has been taken with the preparation of these property details but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. These property details do not constitute a contract or part of a contract. We are not qualified to verify tenure of property. Prospective purchasers should seek clarification from their solicitor or verify the tenure of this property for themselves by visiting www.landregisteronline.gov.uk. The mention of any appliances, fixtures or fittings does not imply they are in working order. Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale. All dimensions are approximate.
Arnold & Phillips Ormskirk
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For more information or to book a viewing please call: 01695 570102