11-bedroom freehold HMO with basement apartment and four garages, ideal for investor conversion..
- Secured gross income £64,655 per year
- 11 bedrooms: 9-bed HMO + 2-bed self-contained apartment
- Three en-suite bedrooms within the HMO
- Four garages plus private rear off-road parking
- Freehold with separate lower-ground entrance
- Pre-1900 stone construction; likely no wall insulation
- High-crime, very deprived area — tenant profile risk
- Glazing install dates unknown; likely refurbishment needed
A substantial, income-producing property in a popular student neighbourhood, currently arranged as a 9-bed HMO plus a self-contained 2-bed lower-ground apartment. The combined secured income is £64,655 per annum; the HMO includes nine double bedrooms (three en‑suites) and two kitchens, while the basement apartment offers a separate entrance and full facilities. Private rear parking and four garages add flexibility for tenant parking or alternative uses.
This freehold, end-terrace building dates from before 1900 and offers clear potential for an investor seeking stable rental returns or conversion opportunities. The main house could be reconfigured into larger apartments thanks to its size and rear access; the garages could be repurposed or removed to increase off‑street parking.
Buyers should factor in material considerations: the property sits in a high‑crime, very deprived area, which affects tenant profile and yields; walls are likely uninsulated granite/whinstone (assumed) and glazing install dates are unknown, indicating potential retrofit costs for insulation, energy efficiency and heating upgrades. Despite these issues, the property’s long-standing rental performance and proximity to university amenities make it attractive for buy‑to‑let investors or developers able to manage refurbishment and repositioning.