Summary - 111, Walter Road, SWANSEA SA1 5QQ
7 bed 1 bath House of Multiple Occupation
Well-presented HMO with income uplift potential and permitted basement conversion.
Seven-bedroom HMO with current rent £2,900 pcm, £3,950 pcm if fully let
HMO licence renewed May 2025; EPC rating C
Planning permission 2021 for skylight to add basement bedroom
Off-street parking for two vehicles; close to city centre amenities
Built c.1900–1929; Victorian mid-terrace with high ceilings
Area very deprived and above-average crime — management implications
Sold at auction: 5% deposit and buyers’ fee apply; contracts binding
Some rooms currently vacant; potential short-term income loss
A seven-bedroom mid-terrace HMO in a popular student and professional neighbourhood, offered freehold and with a recently renewed HMO licence (May 2025). The property is presented in good condition, has double glazing, an EPC C rating and gas central heating via boiler and radiators; most rooms are let en-suite and there is off-street parking for two cars.
Currently producing £2,900 pcm with two rooms vacant; projected income rises to approximately £3,950 pcm if fully let (guide-price yield approx. 15.8%). There is planning permission (2021) for a skylight to enable a basement bedroom, offering clear scope to increase income. Fast broadband and excellent mobile signal suit students and professionals.
Buyers should note this sale is by auction. Bidders face a non-refundable buyers’ fee and a 5% deposit (minimums apply) and contracts are binding on the fall of the hammer. The local area scores as very deprived and has above-average crime levels — factors that will affect management and letting strategy.
The property is best suited to investors seeking an HMO with immediate income, short-term rental upside from filling vacant rooms and longer-term potential from the permitted basement conversion. Routine management and ongoing upkeep will be required to maintain lettings and compliance.
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