Summary - 24 CLEVELAND ROAD, GOSPORT PO12 2JG
6 bed 3 bath Commercial Property
Extensively renovated income property with strong rental history and vacant possession.
Six-bedroom fully licensed HMO; licence granted March 2025
A fully licensed six‑bed HMO presented to a high standard and sold with vacant possession. The property was extensively renovated including a new central heating system (with warranty), full re‑wire, new roof, modern kitchen and bathrooms, and contemporary flooring and decoration throughout. Previously let for £4,300 pcm, the asking price of £340,000 equates to a reported 15.17% gross yield — making this a clear income‑led opportunity for an investor.
The long, open‑plan kitchen/family room and bright period rooms suit multi‑let occupation, while the paved low‑maintenance rear yard and modest front area minimise ongoing upkeep. The house totals approximately 1,066 sqft over multiple floors and benefits from double glazing and mains gas boiler with radiators.
Important licensing and compliance note: a Gosport Borough Council HMO licence was granted in March 2025 for six occupants aged over 10, but the licence is issued to the current owner. Any purchaser will need to obtain a licence in their own name. The property is offered freehold and sold with vacant possession.
Suitability extends beyond the buy‑to‑let market: the layout and recent works make conversion back to a family home straightforward for a purchaser seeking a spacious period house. Buyers should verify running costs, licence transfer requirements and the condition of services, as no apparatus, fixtures or services have been independently tested.
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