Ready-made investment near campus with strong rental potential.
Eight double bedrooms configured for HMO lets
Prime student location — steps from university and Pontio
Annual income potential up to £50,000 when fully let
Cash buyers only — sale condition stated
Victorian build with likely uninsulated granite walls
High local crime rate; very deprived area
Above-average council tax and small overall footprint (754 sqft)
Garden present but currently overgrown
An eight-bedroom Victorian semi offering strong HMO potential in a prime student location close to the university and Pontio. The house is laid out for communal living with two reception rooms, a large fitted kitchen, three bathrooms and good-sized double bedrooms — configured to generate up to £50,000 annual income when fully let.
The property is freehold and benefits from double glazing, mains gas central heating and fast broadband and mobile coverage — practical essentials for a student house. The garden is a useful outdoor space, although currently overgrown. Internally the decoration is largely neutral and the kitchen is modern with integrated appliances, two ovens and two fridge-freezers.
Important practical points: this is a cash-buyers-only sale and the building dates from before 1900 with granite/whinstone walls likely uninsulated. The area is very deprived with a high local crime rate and above-average council tax; those factors affect management and running costs. Some modernisation and possible thermal upgrades will be needed to improve energy efficiency and long-term returns.
For an investor targeting student lets this house provides a ready-made HMO footprint close to campus and local amenities. Expect short voids and strong rental demand, but budget for refurbishment, ongoing management and measures to mitigate higher local crime and energy inefficiency.
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