Summary -
85 Winchester Avenue,LEICESTER,LE3 1AY
LE3 1AY
5 bed 2 bath Terraced
Immediate HMO income potential in a city‑centre location with modern fittings.
HMO licence in place (L1859) issued 4 July 2023
A recently refurbished mid-terrace Victorian property in Leicester’s West End, presented as a five-bedroom HMO with a current licence (L1859, issued July 2023). The house combines period features—bay window, high ceilings—with contemporary upgrades: modern kitchen, two bathroom facilities, gas central heating and double glazing. Its layout and recent works make it immediately lettable to multiple occupants or convertible to a spacious family home.
This is most appealing to investors seeking an HMO-ready unit with no onward chain and documented licensing in place. The compact plot includes a paved rear garden and shared side access, reducing external maintenance. Internally the accommodation is efficiently arranged across reception rooms, a long kitchen/diner, utility area and two shower/bath facilities, totalling about 980 sq ft.
Buyers should note material location factors: the property sits in an inner-city, ethnically mixed area with high crime levels and local deprivation. There is a medium flood risk for the postcode. The plot and overall footprint are small, which limits scope for major extensions; however, the recent full refurbishment reduces short-term capital expenditure and supports immediate rental income.
For investors, the combination of HMO licence, five bedrooms and good broadband/mobile connectivity supports rental demand. For owner-occupiers, the property offers period character and high ceilings but requires acceptance of a compact garden and urban neighbourhood challenges.
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