Newly renovated, high-yield six-bed HMO — vacant and licensed for immediate lettings..
Six en-suite bedrooms, each self-contained
A ready-to-rent, six-bedroom HMO on Edward Street offering strong headline income and minimal immediate works. The property is freehold, fully licensed and newly renovated with six private en-suites and a modern communal kitchen-diner finished to a contemporary standard. With a reported gross rental income of £36,400 per year (around 13.24% gross yield at the guide price), this is a clear income-focused opportunity for investors seeking turnkey stock.
The location suits lettings to nearby warehouse and industrial workers with good road links and public transport; ASOS and other large employers are within a short drive. The house is currently vacant for sale, so purchase could lead to rapid re-letting without refurbishment delay. Fixtures, fittings and integrated appliances are described as modern and in good condition, reducing immediate capital expenditure.
Buyers should note material local-market factors: the wider area is very deprived with above-average crime rates and predominantly blue-collar terraces, and the plot is small with limited external amenity. These factors can affect void risk, tenant profile and long-term capital appreciation; lettings and management strategies should reflect local demand and risk. The property is best suited to an investor experienced in HMO management or a landlord comfortable with high-yield, higher-turnover stock.
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