Ready-to-run multi-let near transport links, strong gross yield for experienced investors.
Fully licensed 5-bed HMO generating £39,480 gross per year
This five-bedroom semi-detached property on Williamson Avenue is offered as a fully licensed HMO, producing an annual income of £39,480.00. The house contains five self-contained studio units each with kitchenette and en-suite, arranged around a communal kitchen/dining area and a shared garden. Its location is a short walk from the train station and city centre, with frequent buses and local amenities close by.
For an investor the numbers are straightforward: at the asking price of £450,000 the property delivers a strong gross yield (approximately 8.8%). The HMO licence is in place, so incoming revenue can continue without delay. Internal features include modern kitchen fittings, double glazing installed since 2002, mains gas central heating and a compact low-maintenance footprint (around 1,163 sqft) that suits shared-occupancy use.
There are important drawbacks to factor into purchase and management costs. The EPC rating is E, and the building’s original solid brick construction likely lacks cavity insulation, offering clear scope — and cost — to improve thermal efficiency. The local area is classified with higher-than-average crime and relative deprivation, which can affect tenant turnover and lettings strategy. On-street permit parking only, and some communal maintenance will be required to maintain standards for HMO licensing.
Overall this is a ready-to-run HMO with proven income and immediate cashflow potential, suitable for a hands-on investor or landlord with experience in multi-let assets. Planned investment in energy efficiency and ongoing management of communal spaces will lift long-term value and tenant appeal.
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