Licensed 6-bed HMO with strong income potential — sold via secure online auction..
6 double rooms reported in licensed HMO producing £30,000 pa gross income
Attic room benefits from ensuite facilities
Communal modern kitchen and shared bathroom facilities
Sold via secure online auction — immediate exchange possible
Listing not inspected; buyer must verify condition and HMO licence
High local crime and wider area deprivation — tenant risk considerations
Small plot and period terrace; likely ongoing maintenance needs
Tenure unknown; contradictory bedroom data supplied — check particulars
This Victorian terraced property is presented as an established, licensed 6-bedroom HMO producing a reported gross rental income of £30,000 per year and marketed for immediate exchange via secure online sale. The three-storey red-brick building includes a communal modern kitchen, shared bathrooms and an attic room with ensuite — features that suit multi-let or portfolio investors seeking near-term rental income.
Key investment strengths are clear: central broadband and mobile connectivity are strong, the location has accessible local shops and amenities, and nearby schools and transport links support demand from working tenants. Flood risk is low and the property benefits from period character and bay windows that can attract tenants.
Important cautions for buyers: the sale will be at auction/secure sale with terms and immediate exchange available — conduct full legal and financial checks before bidding. The listing states the property is a licensed HMO, but the supplied data includes a contradictory bedroom count (1 bedroom) and the agent notes the property has not been inspected. Area-level indicators show high crime and wider deprivation, and the plot is small. Tenure is unknown and refurbishment or ongoing management costs should be budgeted for.
This is a specialist, higher-risk investment suited to experienced landlords or investors prepared to complete due diligence, confirm the licence and tenancy income, and manage letting in an area with constrained rental demand.
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