Summary - 56 FYDELL STREET BOSTON PE21 8LF
5 bed 3 bath Semi-Detached
Central HMO with strong projected yield and chain-free sale.
Five bedrooms configured as HMO, two with en-suites
This five-bedroom semi-detached property is presented as a ready HMO opportunity in central Boston, within easy walking distance of the train and bus stations and local amenities. Two bedrooms have en-suites and the layout (two ground-floor bedrooms, kitchen, utility and shower room; three first-floor bedrooms, one en-suite) is already configured for multiple-occupancy letting.
Projected gross income is advertised at £29,640 (about a 15.2% yield on the asking price), making the property a clear prospect for an investor seeking immediate rental returns. The purchaser must apply for a new HMO licence (current licences do not transfer); the quoted licence application fee is £1,004.80. The sale is offered with no onward chain.
Built circa early 1900s, the house retains period character such as bay windows and high ceilings but shows signs that some updating and ongoing maintenance will be needed. Walls are solid brick with assumed no built-in insulation; the EPC is D. Heating is mains gas with boiler and radiators. Internally the rooms are described as medium or small in size, so be aware of compact communal/kitchen space compared with the number of bedrooms.
Location is a strength for lettings — close to shops, schools and transport links — but the area records higher crime rates, which may affect tenant demand and insurance costs. Overall this is a practical HMO investment with immediate income potential, but budget for licence costs, modest refurbishment, and possible insulation/energy improvements to lift the EPC and long-term appeal.
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