Summary - UNITED REFORMED CHURCH, AVENUE ROAD NG31 6TA
6 bed 3 bath Terraced
High-yield six-bedroom HMO in Grantham town centre — immediate income, tenants in situ..
Six-bedroom licensed HMO generating advertised £40,560 per annum
Quoted 13.52% yield at £300,000 purchase price
Town-centre location near train and bus stations
Victorian period features: bay window, tall ceilings, sash windows
Two kitchens, three shower rooms, communal dining room, cellar
Tenants in situ — existing tenancy agreements transfer on sale
Very high local crime rate; deprived area, constrained renter profile
Limited communal living space; verify EPC and HMO compliance
A substantial mid-terraced Victorian townhouse arranged over three floors, currently operating as a licensed six-bedroom HMO with tenants in situ. The property produces an advertised gross income of £40,560pa (approx. £780/week), which equates to the quoted 13.52% yield at the asking price of £300,000. Two kitchens, three shower rooms, a communal dining room and cellar deliver immediate rental cashflow for an investor comfortable managing multi-occupancy tenancies.
Located in Grantham town centre close to shops, bus and rail links, the house benefits from period features such as a ground-floor bay window, tall ceilings and sash windows. There is an enclosed rear garden and a large plot footprint for this terrace, providing scope for minor external improvements or landscaping. The interior mix of a galley kitchen and a more modern-fitted kitchen gives practical flexibility for continued HMO use or straightforward reconfiguration to a family home.
Important negatives that will affect purchasers: the property sits in a very high crime, deprived neighbourhood with a high proportion of constrained renters, which can affect lettings stability and management overheads. Tenants are in situ — buyers must accept existing tenancy agreements and perform full HMO compliance and safety checks. The listing shows limited communal living space (one reception), and the EPC band and detailed condition report are not legible here and should be verified; potential maintenance or retrofit costs may be required. This is a clear buy-for-income opportunity but not a low-effort, hands-off investment.
For investors this is a high-yield HMO with immediate income; for owner-occupiers the house offers period character and scope to create a spacious family home subject to internal reconfiguration, compliance checks and targeted refurbishment.
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