High Wycombe, Train station, Buckinghamshire, HP13
By Chancellors
£ 650,000
Reviews
2 out of 5 stars
Chancellors says ..
Situated just 0.6 miles to High Wycombe train station is this fully licensed HMO with 8 bedrooms. The property is split across multiple floors, side access with a garden (potential to convert to parking) and offers plans for future development. Rent yield 11%, income of £72,000 (£750PCM p/room.)
Property Oracle says ..
This 8-bedroom property in High Wycombe, situated on Priory Avenue, is marketed as a fully licensed HMO with the potential for future development. Its proximity to High Wycombe train station is a significant advantage for commuters and students alike. The presence of a garden is a plus, though its size and condition require clarification. The property’s condition appears mixed; while the exterior appears reasonably well-maintained, interior images reveal the need for cosmetic improvements and possible repairs in several areas, particularly in the bathrooms. The kitchen appears functional but dated. The bedrooms show varying levels of cleanliness and furnishings. The listing highlights a substantial potential rental yield (11%), translating to an estimated annual income of £72,000. This income potential should be weighed against the costs of maintenance, repairs, property management, and potential void periods. The property’s potential as a lucrative investment depends on a thorough assessment of its condition and the local rental market. Without further details regarding square footage and comparable local property sales data, determining the appropriateness of the asking price is challenging. A detailed survey and condition report would be recommended before purchase to ascertain the full extent of any needed repairs and renovations.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 4
- Bedrooms
- 8
- Bathrooms
- 2
- Sqft (est)
- 1,776.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 388,995.00 £Decreased by 2.22 %
- Est sale value
- 710,400.00 £Decreased by 8.68 %
- Average area rental value
- 1,010.00 £/moDecreased by 17.89 %
- Est letting value
- 1,776.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.12 %Decreased by 15.90 %
- Crime Rate
- 15.00 %Unchanged by 0.00 %
Agent Activity
Chancellors marked this listing as sold.
Chancellors created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Hamilton Academy | Academy Converter | Good | 0.12 KM |
| Buckinghamshire New University | Higher Education Institutions | Good | 0.65 KM |
| Godstowe Preparatory School | Other Independent School | 0.72 KM | |
| Aspire | Academy Alternative Provision Converter | 0.82 KM | |
| High Wycombe Church Of England Combined School | Voluntary Aided School | Good | 0.93 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Glenisters Road | £ 0 | 0 | 0.00 KM |
| Chilterns Shopping Centre | £ 0 | 0 | 0.00 KM |
| Archway | £ 0 | 0 | 0.00 KM |
| Church Street | £ 170,000 | 0 | 0.00 KM |
| Queen Square | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| High Wycombe | 3054 | HWY | 0.72 KM |
| Marlow | 3021 | MLW | 7.14 KM |
| Bourne End | 3018 | BNE | 7.68 KM |
| Cookham | 3019 | COO | 9.01 KM |
| Great Missenden | 1463 | GMN | 9.08 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Priory Avenue - Ground Floor Garden Flat | £ 170,000 | BUY | 6 / 10 | 0.01 KM |
| Fair Acre, High Wycombe, HP13 | £ 285,000 | BUY | 6 / 10 | 0.10 KM |
| Fair Acre, High Wycombe | £ 329,950 | BUY | Unknown | 0.10 KM |
| TEMPLE END, HIGH WYCOMBE | £ 335,000 | BUY | 6 / 10 | 0.14 KM |
| TEMPLE END, HIGH WYCOMBE | £ 335,000 | BUY | Unknown | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 34a Priory Avenue | £ 110,000 | 0.03 KM |
| 28 Priory Avenue | £ 428,000 | 0.03 KM |
| 48b Priory Avenue | £ 204,000 | 0.03 KM |
| 40 Priory Avenue | £ 155,000 | 0.03 KM |
| 36c Priory Avenue | £ 150,000 | 0.03 KM |