Three-bedroom renovation with strong HMO potential in LU1.
Three bedrooms with two reception rooms and 1,152 sq ft total space
Freehold tenure, EPC rating C, Council Tax Band B
Sold at auction via Secure Sale; bidding terms apply
Requires full renovation; dated finishes and visible wall damage
Solid brick construction; likely needs insulation upgrades
Good-sized rear garden with gated side access and patio
High local crime and very deprived area; affects lettings and mortgages
HMO potential for experienced investors willing to refurbish
This mid-terrace Victorian house offers clear rental and refurbishment potential in LU1. With three bedrooms, two reception rooms and a sizeable footprint (approx. 1,152 sq ft), the property suits investors targeting HMO conversion or buyers prepared to renovate and add value.
The building is solid brick with double glazing and gas central heating; it has an EPC C and freehold tenure. A good-sized rear garden and gated side access provide outdoor space and practical storage. Room dimensions are generous for the period, including a large front bedroom and two further bedrooms to the rear.
Material drawbacks are straightforward: the house needs renovation throughout — dated decor, some wall damage and likely insulation upgrades (solid wall construction). The immediate area records high crime and very high deprivation indices, and the property will be sold at auction via Secure Sale (online bidding) with terms and conditions. These factors affect mortgage availability and rental prospects and should be factored into budgeting.
For experienced landlords or developers comfortable working in challenging neighbourhoods, this freehold terrace presents a cost-effective acquisition with HMO potential and straightforward systems (mains gas boiler and radiators). First-time buyers willing to undertake refurbishment might create a comfortable family home, but must allow for works and consider local area factors before committing.
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