Summary - 12, Portelet Road L13 6SE
1 bed 1 bath Terraced
Turnkey five-bed income property in high-demand student and professional area.
Fully licensed five-bed HMO, fully tenanted and furnished
Advertised gross income £26,460 pa; gross yield ~10.58% on £250,000
Five double bedrooms with five shower rooms; tenant-ready finishes
Article 4 location restricts change-of-use and redevelopment options
Rooms generally small—designed for single-occupancy HMO use
Solid brick Victorian walls; likely no cavity insulation (retrofit needed)
On-street parking only; small rear yard, no garden or exceptional views
Buyers fee 1.5%; area classified as very deprived—tenant demand localised
This ready-made HMO is presented as an income-producing asset in L13, fully licensed and currently fully tenanted. The property delivers a strong advertised gross income of £26,460 per year (advertised yield ~10.58% on a £250,000 guide), with furniture and fittings included, making it straightforward to operate from day one.
The mid-terrace Victorian property has five double bedrooms served by five shower rooms, a modern kitchen/dining area and low-maintenance rear yard. Interiors appear maintained with neutral finishes and waterproofed wet rooms, so immediate major refurbishment is not required for continued lettability to students or young professionals.
Buyers should note practical constraints: rooms are generally small and the building is a solid-brick Victorian terrace with no known cavity insulation, so longer-term energy-efficiency upgrades may be needed. The location is in a very deprived ward and an Article 4 area, which restricts change-of-use options and limits wider redevelopment potential.
Practical operational notes: parking is on-street, council tax is low, mobile and broadband provision is good, and a buyers’ fee of 1.5% applies. This suits an investor seeking a turn‑key HMO with established income and manageable short‑term maintenance, while accepting neighbourhood and retrofit considerations.
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