Immediate income-producing HMO with parking and garden, ideal for investors.
- Licensed 6-bed HMO producing £48,060 pa (reported £4,005 pcm)
- Converted/extended and refurbished in spring 2018
- 1,926 sq ft over three floors with garage and garden
- Sold subject to existing tenancies; vacant possession not guaranteed
- EPC rating C; double glazing installed post-2002
- Auction sale: mandatory buyer's premium and 8-week completion
- Area has higher deprivation indicators; check rental demand
- Walls assumed cavity with no added insulation (investigate)
A substantial freehold semi-detached property arranged over three storeys, converted and refurbished in 2018 into a licensed six-bedroom HMO producing £48,060 pa. The 1,926 sq ft layout includes an open-plan kitchen / diner with bifold doors to an enclosed rear garden, four bathrooms, garage and multiple off-street parking spaces — practical features for professional or student lettings.
The lot is offered at live online auction and is sold subject to existing tenancies, currently fully let to professional tenants on individual ASTs (income shown inclusive of bills). The property is presented in good decorative order, has double glazing and a C EPC. There is understood scope to increase some room rents — purchasers should verify prospects and tenancy details in the legal pack.
Important sale considerations: this is an auction lot with a mandatory buyer’s premium (£1,500 + VAT) and an extended eight-week completion period. The property sits in an area with higher deprivation indicators; purchasers should factor local rental demand and comparable lettings into valuations. Legal pack and full tenancy schedules are available and should be reviewed before bidding.
For an investor this property offers immediate income and near-term management uplift potential. For a large family it also provides spacious accommodation and private outside space if vacant possession is achieved, but the sale method and existing tenancies make it primarily suited to buyers prepared for an auction purchase and investment management.
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