Prominent corner HMO conversion with c.£126k pa gross income potential..
14 bedrooms and 8 bathrooms proposed (planning allowed on appeal) | Estimated £126k pa income potential
Corner freehold plot with four parking spaces, bike and bin stores
Vacant possession at sale; currently retail ground floor plus flat above
Sold at auction — buyer’s premium, deposit and accelerated process apply
Built 1930–49 with solid brick walls; likely need insulation and upgrades
EPC E, pre‑2002 double glazing, mains gas boiler and radiators
Crime rate above local average; refurbishment and HMO compliance required
Completion extended to 8 weeks but rapid post‑auction exchange expected
A substantial freehold corner property on Whitehall Road with planning allowed on appeal to create a 14‑bed, 8‑bath HMO (c.3,218 sq ft). The scheme is aimed at multi-let investors and offers scope for around £126k gross income pa at £750 pcm per room once converted. The building sits on a decent urban plot with four parking spaces, bin and bike stores — useful practical features for an HMO operator in the city.
The property is sold via live online auction (15 October 2025) with an extended completion period of eight weeks. It is currently arranged as a ground‑floor retail unit with a self‑contained flat above and will be offered with vacant possession. Planning history includes a refused application that was later allowed on appeal (Ref 23/04178/F) and a separate prior approval for a single ground‑floor flat (Ref 24/04145/COU); full drawings and reports are in the legal pack.
Important practical points: the building dates from the 1930–49 period with solid brick walls and pre‑2002 double glazing, mains gas boiler and radiators, an EPC rating of E, and no flood risk. The area is well connected to the city centre and local amenities, but crime is above average and the property will require refurbishment and HMO compliance works to reach the rental income forecast. Auction buyers should allow for the buyer’s premium, deposit and accelerated purchase process.