High Wycombe, Train station, Buckinghamshire, HP13
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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 %
from 397,808.00 £
Est sale value
710,400.00 £
Decreased by 8.68 %
from 777,888.00 £
Average area rental value
1,010.00 £/mo
Decreased by 17.89 %
from 1,230.00 £/mo
Est letting value
1,776.00 £/mo
Unchanged by 0.00 %
from 1,776.00 £/mo
Est rental Yield
3.12 %
Decreased by 15.90 %
from 3.71 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • Chancellors marked this listing as sold.

  • Chancellors created the listing.

Nearby Schools

NameTypeOfstedDistance
Hamilton AcademyAcademy ConverterGood0.12 KM
Buckinghamshire New UniversityHigher Education InstitutionsGood0.65 KM
Godstowe Preparatory SchoolOther Independent School0.72 KM
AspireAcademy Alternative Provision Converter0.82 KM
High Wycombe Church Of England Combined SchoolVoluntary Aided SchoolGood0.93 KM

Images

External External Bathroom Bathroom Bedroom Kitchen Bedroom Bedroom Bedroom Bathroom External Garden Bedroom Bedroom Bedroom Bedroom Bedroom External View Hall Kitchen

Nearby Streets

NameAverage PriceAverage SqftDistance
Glenisters Road £ 000.00 KM
Chilterns Shopping Centre £ 000.00 KM
Archway £ 000.00 KM
Church Street £ 170,00000.00 KM
Queen Square £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
High Wycombe3054HWY0.72 KM
Marlow3021MLW7.14 KM
Bourne End3018BNE7.68 KM
Cookham3019COO9.01 KM
Great Missenden1463GMN9.08 KM

Nearby Listings

AddressPriceTypeScoreDistance
Priory Avenue - Ground Floor Garden Flat £ 170,000BUY6 / 100.01 KM
Fair Acre, High Wycombe, HP13 £ 285,000BUY6 / 100.10 KM
Fair Acre, High Wycombe £ 329,950BUYUnknown0.10 KM
TEMPLE END, HIGH WYCOMBE £ 335,000BUY6 / 100.14 KM
TEMPLE END, HIGH WYCOMBE £ 335,000BUYUnknown0.14 KM

Nearby Properties

AddressPriceDistance
34a Priory Avenue £ 110,0000.03 KM
28 Priory Avenue £ 428,0000.03 KM
48b Priory Avenue £ 204,0000.03 KM
40 Priory Avenue £ 155,0000.03 KM
36c Priory Avenue £ 150,0000.03 KM