11 bedroom house of multiple occupation for sale

HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.

Attractive Well-Maintained HMO Investment Opportunity

Address: 109 North Road, Poole, BH14 0LU
Property Type: 11 Bedroom, 10 Bathroom HMO (9 Ensuite + 1 shared bathroom), 1 WC
Renovation Date: Renovated and Refurbished in 2022
Additional facilities: Parking at the front of the property, EV charging point (currently unused by tenants but has potential for use) and dedicated secure bike shed for up to 10 bicycles.
Capital Appreciation: Bricks and Mortar sale based on the capital appreciation in the area

Investment Summary

Poole, located on the south coast of England, offers a thriving investment landscape, particularly for HMO properties. The property at 109 North Road is a well-maintained and professionally managed HMO, located in a prime area near Poole town centre and key employment zones. The town’s economy is supported by major employers such as Sunseeker International, RNLI, and Poole Hospital, which contribute to a consistent demand for quality rental accommodation from both professionals and students. Proximity to Bournemouth University further drives demand, making this property an excellent choice for investors seeking steady rental yields.

Excellent Transport Links

North Road benefits from outstanding transport connections, offering easy access to Poole’s main roads. Poole railway station is just minutes away, providing direct train services to London Waterloo and nearby cities, making it ideal for commuters. The A35 and A31 roads connect Poole to Southampton, Bournemouth, and the wider South Coast region, making it a desirable location for working professionals. Local bus routes and cycle paths further enhance the ease of travel within the town, ensuring that the property appeals to a wide tenant base.

Regeneration and Long-Term Growth Potential

Poole is currently undergoing significant regeneration, including the £140 million Heart of Poole development, which aims to revitalise the town centre with new homes, retail spaces, and public facilities. These projects will enhance the local economy and drive property value appreciation. The town’s attractive amenities, including its stunning harbour, Blue Flag beaches, and the vibrant Poole Quay, make it a sought-after area for residents, ensuring strong tenant demand and long-term capital growth potential.

Financial Summary

Income Breakdown (Monthly):

Room 1: £850.00
Room 2: £850.00
Room 3: £625.00
Room 4: £815.00
Room 5: £850.00
Room 6: £825.00
Room 7: £595.00
Room 8: £830.00
Room 9: £675.00
Room 10: £615.00
Room 11: £525.00

Total Monthly Income: £8,055.00

Annual Income: £96,660.00

Expenditure Breakdown (Monthly):

Gas: £200.00
Electric: £190.00
Water: £200.00
Council Tax: £259.00
TV License: £13.25
Broadband: £67.45
Cleaner: £130.00
Management: £966.60

Total Monthly Expenditure: £2,026.30

Annual Expenditure: £24,315.60

Net Annual Income: £72,344.40 (calculated as Total Income - Total Expenditure)

Yields

Gross Yield: 9.91% (calculated as Annual Income / Sale Price)

Net Yield: 7.42% (calculated as Net Annual Income / Sale Price)

Commentary

The property at 109 North Road, Poole generates a total annual income of £96,660.00, providing an attractive gross yield of 9.91%. With total annual expenditures of £24,315.60, the net annual income is £72,344.40, resulting in a net yield of 7.42%. These figures reflect standard operating costs for a property of this size, with utilities and management fees contributing to the overall expenses. The combination of strong income potential, healthy yields, and a desirable location makes this HMO a solid investment opportunity.