Summary - 19 Claude Street NG7 2LA
5 bed 3 bath Terraced
Ready-to-rent investment near university with strong yield potential.
- Five double bedrooms arranged as a licenced HMO
- Recently refurbished: new flooring and redecoration throughout
- Three shower rooms across ground, first and second floors
- Fully furnished for immediate tenancy uptake
- Electric room heaters only; no central gas heating
- Small plot and compact living space (918 sq ft)
- Auction sale: 4.5% reservation fee, buyer pack and 56-day completion
- Neighbourhood: student-focused area with above-average crime
A newly renovated five-bedroom mid-terrace arranged as an HMO, positioned for strong student demand close to the University and local amenities. The property is fully furnished, recently redecorated with new flooring and features three shower rooms across three floors — designed to maximise lettable rooms and rental income.
This freehold property is offered for sale by auction with no onward chain, making it a quick acquisition for experienced investors. It holds a current HMO licence and has fast broadband and excellent mobile signal, supporting high occupancy and tenant expectations. The building has double glazing and an EPC rating of D.
Buyers should budget for auction-specific costs: a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee (£349). Completion is required within 56 days. The main heating is electric room heaters (no central gas), which may affect running costs and tenant appeal compared with gas-heated properties.
Practical considerations: the plot is small and overall property size is compact (918 sq ft) so communal space is limited. The neighbourhood is a cosmopolitan, student-focused area with above-average crime statistics — strong rental demand but consider management plans and security measures. Suitable for an investor targeting student lets or sharers seeking solid yields after accounting for auction charges and operational costs.
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