Summary - Farthing Grove, Netherfield, Milton Keynes, MK6 MK6 4HH
5 bed 1 bath Terraced
Chain-free investment with garden and parking close to amenities.
Licensed five-bedroom HMO ready for immediate lettings
A five‑bedroom mid-terrace arranged over three floors, this licensed HMO is offered chain free, set up for immediate rental income. The property has a large fitted kitchen/diner, separate communal living space, private rear garden and off-street parking with an integral single garage — practical features that appeal to multi-let investors.
Internal condition is functional: a modern-style kitchen and tiled floors in high-use areas, with general wear consistent with long-term rental use. Room sizes are small to average, and there is a single family bathroom plus a separate cloakroom, so tenant mix and room rents should reflect that layout.
Important negatives are factual and material: the property sits in a very deprived area with a very high local crime level, and the immediate neighbourhood profile is social renting with young families. These factors affect lettings, tenant turnover and management approach and should be considered when pricing and underwriting.
For investors seeking a hands‑off let, the property’s HMO licence and existing management arrangements make it straightforward to operate, while broadband and mobile connectivity are strong. There is scope to increase income through careful room reconfiguration or refurbishment, though any works must respect the HMO licence and planning/health-and-safety requirements.
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