Summary - 40 SEVERN STREET LEICESTER LE2 1BA
6 bed 2 bath Villa
Licensed six-bed HMO near Leicester University, generating immediate rental income until July 2026.
HMO-licensed six-bedroom villa, let until 31 July 2026
Income £38,220 pa (bills excluded) — immediate rental cashflow
Freehold mid-terrace Victorian with character and high ceilings
Large fitted kitchen; communal lounge supports shared living
EPC D; solid brick walls assumed uninsulated — energy upgrades needed
Sold with tenants in situ — no vacant possession until July 2026
Services (gas/electric/plumbing) not independently verified — buyer to check
Small courtyard garden and front forecourt; limited external space
This Victorian three-storey mid-terrace is set up as a licensed six-bed HMO, positioned a short walk from Leicester University and city amenities. Offered freehold as a going concern, it produces a confirmed income of £38,220pa (bills excluded) and is let until 31 July 2026 — attractive for an investor seeking immediate cashflow.
Internally the house provides six letting bedrooms, a large fitted kitchen, communal lounge and two bath/shower rooms. Period features and high ceilings give character while the generous kitchen and communal spaces support tenant demand. The property has central heating (Worcester boiler) and double glazing, though the EPC rating is D.
Notable negatives are material and should be factored into acquisition plans: the building is solid brick with assumed no wall insulation, EPC D, and the local area records high crime and very high deprivation — both can affect tenant management and insurance. The property is sold with tenants in situ until mid-2026, so a purchaser will not have vacant possession immediately and should budget for routine refurbishment and checks on services (gas, electrics, plumbing) which have not been independently verified.
For an investor comfortable managing a city HMO, this is a straightforward, income-producing opportunity close to campus with scope to improve returns through sympathetic refurbishment, energy-efficiency upgrades and active management once the tenancy term ends.
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