Summary - 137 HANOVER STREET SWANSEA SA1 6BN
6 bed 2 bath Terraced
Licensed six-bed HMO near universities with immediate rental income and some sea views..
Licensed 6-bed HMO generating approx £30,000 pa
A substantial turn-key HMO in central Swansea, this licensed six-bedroom mid-terrace offers immediate rental income and proximity to two universities and the seafront. Currently let and producing approximately £30,000 per annum, the property is arranged over four storeys with communal lounge/dining, a kitchen, three shower rooms plus WC, and small front and enclosed rear gardens. Upper floors benefit from some sea views.
Built before 1900, the property retains Victorian terrace character externally while featuring a modern kitchen area inside. It is sold freehold and presented as an operational investment, making it suitable for landlords seeking an income-producing asset in a student/professional catchment. Broadband and mobile signal are strong, aiding lettability.
Important considerations: the area scores as very deprived with above-average crime rates, and the plot and overall internal sizes are small. Some internal finishes are dated and there may be ongoing maintenance needs typical of older masonry construction (walls assumed uninsulated). The building is occupied by tenants—viewings and access will be subject to tenancy arrangements.
This is primarily an investment purchase: its licensed HMO status, location close to universities and city centre, and existing income make it a practical option for a landlord looking to retain tenancy continuity or to refurbish further to increase yield. Buyers should factor in local area challenges and potential refurbishment or energy-efficiency improvements when assessing long-term returns.
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