Turnkey council-contracted income with multiple operational exit routes.
Freehold Victorian mid-terrace lodge, circa pre-1900, 3,240 sq ft
A substantial Victorian mid-terrace lodge arranged as a 16-bedroom HMO/hostel with established, authority-backed income. The property is let to the local council under a contracted model (rent + support services paid directly) providing defensive cashflow and a reported net ROI of 13%+ at the £4.2m asking price. A transferable HMO licence (held in a limited company) runs to 29 April 2030 and the current tenancy to the council is in place until 24 December 2025; the asset can also be transferred via company share sale or offered with vacant possession.
This freehold building (circa pre-1900) totals approximately 3,240 sq ft over three storeys, with 16 bedrooms and eight bathrooms. Key operational advantages include a verified, standardised funding model that does not rely on housing benefit, flexibility to operate as HMO, hostel, student or hybrid accommodation, and seaside location with plentiful local amenities and transport links.
Buyers should note material considerations: the area is classified as very deprived with very high crime levels and a transitional Eastern European neighbourhood demographic. The building is solid-brick with no assumed cavity insulation and double glazing pre-2002; period fabric means likely retrofit and maintenance costs. The opportunity suits a specialist investor or operator able to manage an institutional tenancy and deliver compliance and refurbishment where required.
For investors seeking income and scale, this is a distinctive coastal asset combining contracted revenue, transferable licensing and multiple exit or operational pathways. For those prioritising residential refurbishment or owner-occupation, significant works and management planning will be required before any change of use or repositioning.
10 bedroom semi-detached house for sale in Edith Road, Clacton-on-Sea, CO15 — £499,000 • 10 bed • 4 bath • 1015 ft²
Commercial property for sale in Station Road, Clacton-On-Sea, CO15 — £350,000 • 6 bed • 2 bath • 2885 ft²
2 bedroom detached house for sale in Beach Road, Clacton-On-Sea, CO15 — £140,000 • 2 bed • 2 bath • 592 ft²
8 bedroom semi-detached house for sale in Penfold Road, Clacton-on-Sea, Essex, CO15 — £355,000 • 8 bed • 3 bath • 1755 ft²
5 bedroom terraced house for sale in Essex - Four Bedroom Holiday Let & One Bedroom Flat, CO14 — £395,000 • 5 bed • 1 bath
6 bedroom semi-detached house for sale in Hayes Road, Clacton-On-Sea, CO15 — £350,000 • 6 bed • 3 bath • 2326 ft²






























