**Standout Features:**
- Ideal investment with 6 letting rooms and current HMO licence
- Gross annual income of £57,250, rented for the 2025/2026 academic year
- Spacious communal living/dining/kitchen
- Convenient location near city amenities and university
- Freehold tenure and decent plot size
**Potential Concerns:**
- High crime rate in the area
- Requires some renovation considering age and condition (built before 1900)
- Limited on-street parking available
This double-fronted Victorian mid-terrace house on Gilesgate Bank is an exceptional investment opportunity, boasting six double bedrooms, two bathrooms, and a thriving rental income from students. Spanning 1,633 sq ft, it features a generous communal living area, perfect for students, alongside a utility room and downstairs WC. With a current HMO licence and a proven track record as a reliable income-generating property, it appeals to both seasoned investors and first-time buyers looking for secure returns.
Positioned within a cosmopolitan student neighbourhood, this property is just a short walk from the bustling city center, universities, and transportation links, enhancing its rental appeal. While the property may require some updates, its strong annual income, terrific location, and potential for value appreciation make it a worthy consideration. Act quickly—opportunities like this may not last long!
