Summary - 116 Portland Road NG7 4GP
5 bed 1 bath Terraced
Fully licensed five-bed HMO with secured student tenancies and immediate income.
Five double bedrooms across three floors and a basement
A ready-made, fully licensed HMO in a popular student neighbourhood, this five-bedroom Victorian mid-terrace produces immediate rental income. The property is arranged over three main floors plus a basement and private rear garden, with modern fitted kitchen, single bathroom and separate WC. Current tenancy structure secures income until August 2026 at £135 per person per week (bills included), producing an estimated gross annual rent of £32,175 and an approximate net yield of 7.3% (assumes 15% running costs).
The house offers generous double bedrooms and good communal space — attractive to students and young professionals. Construction is traditional solid brick (c.1900–1929) with double glazing and gas central heating; the EPC is D. The basement provides useful storage or potential utility conversion, while the small rear garden is practical for outdoor storage or a quiet seating area.
Buyers should note material negatives: the plot is small, there is only one main bathroom plus a separate WC for five bedrooms, and the area records very high crime levels which can influence management and insurance costs. Walls are assumed to be uninsulated solid brick, so further thermal improvements may be required to reduce running costs and meet future standards.
This property suits investors seeking an immediately income-producing HMO in a high-demand student location. It offers scope for modest value-add through efficiency upgrades, better communal provision, or targeted refurbishment between tenancies to improve returns and EPC performance.
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