Summary - 21, FROME DRIVE WV11 1XQ
4 bed 3 bath Terraced
Immediate net income from a leased serviced-accommodation property near hospital.
Licensed five-bedroom HMO with three-year serviced-accommodation lease
Net rental income £21,600 pa (£1,800 pcm) paid to owner
Tenant responsible for bills, council tax and most internal repairs
Freehold mid-terrace with off-street parking and rear garden
Small overall size (approx 1,045 sq ft) and compact rooms
Very high local crime rate and area classified as very deprived
No step-free access; no level-access shower or wet room
Assumed cavity walls with no insulation; potential retrofit costs
A licensed five-bedroom HMO offered freehold, currently let to a serviced-accommodation operator on a three-year lease producing a net rental of £21,600 pa (£1,800 pcm). The tenant covers utilities, council tax and most internal repairs, providing a largely hands-off income stream for an investor seeking immediate cashflow.
The property is a mid-terrace, three-storey house with off-street parking, a rear garden and gas central heating. Accommodation is compact (approx. 97 sqm / 1,045 sqft) over three floors and includes five rooms configured for HMO use, with an EPC rating of C and council tax band A.
Important investor considerations: the surrounding area has very high crime and is classed as very deprived, which may affect long-term tenant demand and mortgage availability. The building is small and standard mid-20th century construction with assumed uninsulated cavity walls; there is no step-free access and no level-access shower. Buyers should review the lease and property pack and note that cash purchasers are preferred by the current setup.
This suit is for an investor seeking immediate, low-management rental returns from a licenced HMO close to local amenities and New Cross Hospital. The guaranteed income and tenant-managed maintenance reduce day-to-day involvement, but buyers must factor area risk, potential refurbishment/insulation work and lender restrictions into their decision.
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