Summary - 5 RANELAGH TERRACE LEAMINGTON SPA CV31 3BS
3 bed 1 bath Terraced
Turnkey HMO income with strong yield and nearby transport links.
Licensed four‑bed HMO generating £2,365 pcm (over 10% yield)
Current tenancy runs until February 2026 (may delay vacant possession)
Low‑maintenance courtyard garden, easy to manage exterior
Single shower room plus separate WC may limit sharer comfort
Solid brick walls likely lack insulation — energy upgrades advisable
Boiler replaced in 2020; windows appear updated
On‑street parking only; no private driveway or garage
Located near town centre and train station in student area
This mid‑terrace Victorian property is presented with a licensed four‑bed HMO in place, currently letting for £2,365 pcm — delivering a headline yield of just over 10% at the asking price. The HMO licence and immediate income make it a straightforward, cash‑generating option for investors seeking central Leamington returns. The tenancy runs until February 2026, although early completion may be possible.
Layout is practical: bay‑front lounge, dining room, galley kitchen, downstairs shower room plus separate WC, and three first‑floor bedrooms (arranged and marketed as a four‑bed HMO). Externally there’s a low‑maintenance courtyard garden and on‑street parking. The gas boiler was replaced in 2020 and windows appear updated.
Buyers should note the property’s constraints: compact room sizes typical of a narrow mid‑terrace, only one bathroom to serve multiple occupants, and solid brick walls which are likely uninsulated. The area is classified as a cosmopolitan student neighbourhood and local crime statistics are above average — both relevant for owner‑occupiers and letting strategies.
For investors this is a turn‑key rental with management options available; for a household it offers town‑centre proximity but will require vacancy before residential completion (expected Feb 2026). There is scope for improvement and energy‑efficiency upgrades if desired, but the current setup already produces strong rental returns.
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