High-yield Victorian HMO with five garages and cellar conversion potential.
Eleven-bedroom licensed HMO arranged over three floors
A substantial 11-bedroom HMO in a convenient Leamington location, this period property offers immediate rental scale and upside. Spacious communal living includes a large lounge and kitchen/diner, while five rear garages and generous off-street parking present additional income or storage options. The three-chamber cellar has conversion potential subject to planning, creating further value if approved.
The house retains Victorian features — high ceilings, bay windows and large rooms — attractive to professional tenants and student sharers. It is currently a licensed HMO, positioned close to the train station and town centre, making it straightforward to re-let and manage from day one. Broadband and mobile signal are strong in the area, supporting modern tenant needs.
Buyers should note material considerations: HMO licences are not transferable so a new licence application will be required. The property is of solid brick construction with assumed minimal insulation and double glazing installed before 2002, so energy-efficiency upgrades may be needed. Council tax is described as expensive and the garages have not been internally inspected, so buyers should verify condition and potential rental income.
Overall, this freehold property suits investors seeking immediate rental revenue with scope for capital growth through structural upgrades, cellar conversion (STPP) or monetising the garage block. Full due diligence is recommended on licensing, services and garage condition before purchase.
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