This property is no longer on the market
6 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- HMO in super city centre location
- 6 bedrooms
- Private enclosed garden
There's two ground floor bedrooms, three on the first floor and one on the top. They have commanded between £450 and £525 per room per month (the highest is for the ground floor room with an en-suite). But there is potential to earn significantly more.
As for communal facilities, there's a spacious kitchen / diner on the ground floor and a separate bathroom and shower room on the first floor. They could all really benefit from some TLC.
If you invested in the property to upgrade the communal areas and bedrooms it could be possible to attract a higher rent from tenants or students.
Before investing heavily it may be worth looking at the layout to see if there's another way to configure the property.
You should also consider whether some of the rooms could be upgraded with en-suites. There's certainly floorspace in the top floor room, if you could make it work with the eaves.
Clearly you'd need to do your own research but based on providing a higher quality HMO, it may be possible to achieve between £600 - £700 per room.
The other advantage of making improvements will be the chance to potentially refinance based on the higher done-up value.
It's less than 10 minutes walk to the High Street and round the corner from several new student blocks. For comparison, students are paying over £155 per week to live in the nearby Depot.
So the location gives you options. Post-refurb you could look to attract discerning town centre workers or students.
As it's located within an Article 4 area, the fact that it's currently being operated as a licenced HMO (the current licence expires Feb 2025) is crucial. You couldn't buy a residential property this close to town and turn it into an HMO without first seeking planning permission from the council.
Are you interested in a cashflowing, licenced HMO that's only minutes from town? If so, call to arrange a viewing.
Council tax band: B
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 26, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 10, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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