Ready-made income close to universities with refurbishment potential.
- Five-bedroom mid-terrace arranged over three floors, HMO layout
A spacious five-bedroom mid-terrace arranged over three floors, presented as a licensed HMO-ready student investment near Clarendon Park and local universities. The layout includes two reception rooms, a fitted kitchen with utility space, a ground-floor bedroom, three first-floor bedrooms, and a large second-floor attic bedroom with en-suite. The rear courtyard garden and good internal room sizes increase lettable appeal for sharers.
This property is offered freehold with an estimated rental potential of £1,880 PCM (£22,560 pa). It retains some Victorian character — high ceilings and original brick construction — alongside modern finishes such as later-installed double glazing and updated living spaces. Heating is by mains gas boiler and radiators; the current EPC rating is D.
Buyers should note practical constraints: the house lies in an Article 4 area, so planning/licensing restrictions may apply for HMO conversions or future changes. Permit parking is controlled on-street; prospective owners should check local permit availability and costs. The building is solid-brick (likely uninsulated in-wall), on a small plot with a courtyard garden, and the area records higher crime levels, which may affect tenant demand or insurance costs.
Overall, this property suits investors seeking an immediate student-HMO income stream with scope for rental improvement, or buyers able to carry modest refurbishment work to increase yield. It offers clear upside from rental income but requires due diligence on licensing, thermal improvements, and local parking and safety considerations.
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