Detached house for sale in Sutherlands & Crawford Place, Newbury, Berkshire, 1Xg RG14

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A rare opportunity to acquire a portfolio of two HMO's, being sold with tenants in situ, benefiting from a combined 8.6% gross yield. No onward chain.

Description

These well-presented houses of multiple occupancy (HMO’s) benefit from being sold with tenants in situ, producing a combined 8.6% gross yield, with a 99% occupancy rate.

1 Crawford Place
The communal areas in the property consist of an entrance hallway with a storage cupboard, WC, a re-fitted kitchen, and the living/dining room which has French doors leading onto the rear garden. There are six double bedrooms, four of which have an en-suite shower room with the other two sharing a shower room.

7 Sutherlands
The communal areas in the property consist of an entrance porch, a hallway with a utility room, as well as the re-fitted kitchen/living/dining room which has a large storage cupboard and sliding doors leading onto the rear garden. There are seven double bedrooms, five of which have an en-suite shower room with the other two sharing a shower room.
All fixtures, fittings and furniture, belonging to the current owners, are included in the sale. All mattresses were renewed in 2023.

Outside

1 Crawford Place
To the front of the property is a block paved driveway with space for two vehicles, plus there are further areas in the road for residents to park. To the rear is the low maintenance, enclosed garden with a storage shed, rotary line, and a table & chairs.

7 Sutherlands
To the front of the property is a part block paved and part gravelled driveway with space for four vehicles, plus there is plenty of on-street parking. Side access leads to the low maintenance, enclosed rear garden, which has been recently updated, with a storage shed, rotary line, and a table & chairs.

Services and material information

At both properties, all mains services are connected, with gas central heating controlled by a smart thermostat and a 300L pressurised water cylinder providing excellent water pressure. Each shower room and the kitchen are fitted with an Envirovent extractor fan to prevent damp, condensation and mould. Washing facilities include a washing machine and tumble dryer, both fitted with a meter to prevent wasteful use. Gas safety certificates and services, fire alarms, electrical and appliance testing are all up to date, plus fire extinguishers are changed annually.

1 Crawford Place
HMO licence for 6 households with availability for 8 occupants.
Council tax band: E
Energy efficiency rating: C

7 Sutherlands
HMO licence for 7 households with availability for 9 occupants.
Council tax band: E
Energy efficiency rating: C<br /><br />1 Crawford Place is in an idyllic location, just a stone’s throw from Newbury town centre, with shops, amenities and the railway station on your doorstep. 7 Sutherlands is positioned in a quiet cul-de-sac in the Wash Common area of South Newbury, with shops and amenities close by. The town centre and railway station are within walking distance. As well as being home to Newbury Racecourse, the town itself offers a comprehensive range of shopping, leisure and educational facilities, in addition boasting a large park just minutes away from the town centre, Victoria Park, which is next to the canal with an impressive open space and excellent sport facilities. Newbury is the headquarters of Vodafone UK and offers a railway station on the direct line to London Paddington (fast train to Paddington has an approx. Travel time of 41 minutes). There are also excellent road links via the A34 and M4 motorway, a convenient commute for those working in Reading, Oxford and Southampton.