Immediate rental income HMO in Kensington — needs refurbishment, strong let potential for investors..
- Six-bedroom fully licensed HMO with immediate rental income
- Approximately 1,397 sq ft across multiple storeys
- Three shower rooms, communal lounge and extended kitchen
- Recent double glazing and mains gas boiler with underfloor heating
- Solid brick with internal insulation; built c.1930-1949
- Property needs refurbishment; exterior damage evident
- Small plot and overall small footprint; limited expansion potential
- Very deprived area with high crime; factor higher management costs
A six-bedroom, fully licensed HMO in Kensington, Liverpool, offered with immediate rental income and strong HMO credentials. The mid-terrace Victorian property (c.1930-49) sits on a small plot and totals approximately 1,397 sq ft across multiple storeys, arranged as six lettable bedrooms, three shower rooms and communal living/kitchen space — a straightforward addition to an investor portfolio targeting students or city renters.
The property is currently tenanted, delivering instant cashflow. Practical points include recent double glazing (post-2002), mains gas boiler with underfloor heating, solid brick walls with internal insulation, fast broadband and excellent mobile signal — all positives for letability. Council tax is very cheap and there is no flood risk.
Notable drawbacks are clear and should be budgeted for: the exterior shows damage and the description and images indicate the house needs refurbishment and cleaning in places. The immediate neighbourhood scores as very deprived with high crime levels, which can affect tenant mix, management costs and long-term capital growth. The plot and overall size are small, limiting extension potential.
This is best suited to experienced landlords or investors seeking an income-producing HMO in a well-connected student/commuter location. It offers near-term rental return with scope to increase income after refurbishment and proactive management, but factor in refurbishment costs and higher lettings/management oversight due to the location and existing condition.