Bernardines Way

Buckingham, Buckinghamshire

£675,000

  • Seven bedroom HMO
  • Net yield: 9.0%
  • Mid terrace town house
  • HMO licence and planning approval in place
  • Freehold

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Bernardines Way, Buckingham, Buckinghamshire, MK18 1BF

Premium 7-Bedroom Licensed HMO Investment | Asking Price: £675,000
Executive Summary

An exceptional opportunity to acquire a recently converted (October 2024), fully licensed 7-bedroom HMO in the highly desirable Buckingham rental market.

The property is fully tenanted with working professional occupants and generates strong, immediate income. Converted from a C3 dwelling with a Certificate of Lawfulness for C4 use, the asset is fully compliant and turnkey.

Property Overview
  • 7-bedroom HMO
  • 6 en-suite bedrooms
  • 1 bedroom with its own private bathroom
  • Split over three floors
  • Loft conversion and rear dormer extension
  • Converted October 2024
  • Fully let to working professionals
  • HMO Licence in place (Ref: 24/00010/HMO)
Accommodation Breakdown

Ground Floor

  • Modern kitchen/dining communal area
  • Two en-suite bedrooms

First Floor

  • Three bedrooms
    • Two en-suite
    • One with its own separate private bathroom

Second Floor (Loft Conversion)

  • Two en-suite bedrooms

The configuration maximises rental performance while maintaining strong tenant appeal.

Income Profile
Gross Rental Income
  • £5,850 per calendar month
  • £70,200 per annum

Fully occupied on a single occupancy per room basis.

Annual Operating Costs
Expense Annual Cost
Council Tax £4,673.50
Energy £3,321.48
Internet £552.00
Water £1,056.00
TV Licence £156.00
Total Annual Costs £9,758.98
Investment Performance

Net Operating Income (Before Management & Maintenance): £60,441.02 per annum

Gross Yield: 10.4% Gross Yield

Net Yield (Before Management & Maintenance): 9% Net Yield

Why This Investment Stands Out
  • Newly converted (minimal capital expenditure required)
  • High en-suite ratio (6 of 7 rooms)
  • Fully compliant and licensed
  • Fully tenanted with professional occupants
  • Immediate income from completion
  • Strong rental demand location
  • Double-digit gross yield
  • Attractive leveraged return potential
Location

Situated in Buckingham, a strong rental market driven by:

  • The University of Buckingham
  • Professional employment base
  • Local amenities and transport links
  • Consistent demand for quality HMO accommodation
Summary

25 Bernardines Way represents a rare opportunity to acquire a modern, compliant, income-producing HMO generating:

  • £70,200 annual gross income
  • 10.4% gross yield
  • 9% net yield

A turnkey, high-performing asset in a proven rental location.

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