Floorplan
Map12 bedroom detached house for sale
Spenser Road, Bedfordshire MK40
Added today
Detached house
12 beds
5 baths
3562
EPC rating: D
Key information
Features and description
- Poets quarter
- HMO potential
- Two Victorian properties
- Close to train station
- 12 bedroom
- 5 bathrooms
- Off-road parking
- Pre-planning submitted
- Offering exceptional scope for development and strong rental potential
MILTON HOUSE This is a rare chance to acquire two adjoining Victorian-style semi-detached properties in one of Bedford's most desirable locations, the Poets Quarter. Offering exceptional scope for development and strong rental potential, this opportunity is ideal for seasoned investors or developers looking to maximize returns.
The properties are currently arranged as twelve bedrooms with communal spaces, but there is potential to create up to fifteen bedrooms while retaining the existing shared areas. Pre-planning applications have already been submitted for a fifteen-bed HMO and for conversion into six flats, comprising four one-bedroom flats and two two-bedroom flats. Please note that full planning permission will need to be obtained by the successful buyer.
As it stands, the potential rental income is approximately £8,400 per calendar month, and with the addition of three further rooms, this could increase to around £10,500 per calendar month, making this an exceptionally lucrative investment.
These two-storey Victorian-style buildings retain period character and benefit from off-road parking for four vehicles, along with two additional permit spaces on the road. There is an attractive front garden and a rear courtyard, adding further appeal.
The location is highly sought after, close to Bedford town centre, transport links, and local amenities, making it a prime rental hotspot with strong demand from professionals and students. This investment offers multiple exit strategies, including HMO conversion, flat development, or upscale co-living, and provides significant potential for capital appreciation and high rental yields.
Opportunities like this are rare, combining flexibility, scale, and location-the three pillars of a successful investment. Contact us today to discuss the possibilities and arrange a viewing.
The properties are currently arranged as twelve bedrooms with communal spaces, but there is potential to create up to fifteen bedrooms while retaining the existing shared areas. Pre-planning applications have already been submitted for a fifteen-bed HMO and for conversion into six flats, comprising four one-bedroom flats and two two-bedroom flats. Please note that full planning permission will need to be obtained by the successful buyer.
As it stands, the potential rental income is approximately £8,400 per calendar month, and with the addition of three further rooms, this could increase to around £10,500 per calendar month, making this an exceptionally lucrative investment.
These two-storey Victorian-style buildings retain period character and benefit from off-road parking for four vehicles, along with two additional permit spaces on the road. There is an attractive front garden and a rear courtyard, adding further appeal.
The location is highly sought after, close to Bedford town centre, transport links, and local amenities, making it a prime rental hotspot with strong demand from professionals and students. This investment offers multiple exit strategies, including HMO conversion, flat development, or upscale co-living, and provides significant potential for capital appreciation and high rental yields.
Opportunities like this are rare, combining flexibility, scale, and location-the three pillars of a successful investment. Contact us today to discuss the possibilities and arrange a viewing.
About this agent
We specialise in sales, property management and residential lettings, mortgage advice, and cover a wide geographical area including the villages and suburbs between Bedford and the M1. We're proud to have been serving the Bedford area since the year 2000, offering a wide range of properties for sale and to rent, not only in Bedford but also in Kempston, Wootton, Ampthill and Flitwick. Owners and Bedford residents Shahid Miah and Habib Rahman bring years of experience in retail banking and property management. The partners have built their own property portfolio and are strongly committed to helping others to do likewise, by combining entrepreneurial flair, local knowledge and a passion for customer service. Our main areas of business are residential sales, lettings and property management, property investment and mortgage advice. The office is located on St Loyes Street in the heart of the town centre and just a short walk from the train station. At Martin & Co Bedford we pride ourselves on our high level of customer service. Our team provide our customers with support, advice throughout the whole process with a dedicated point of contact and regular property updates on the sale or let of your home. We recently won The British Property Lettings Award for Bedford. The team performed outstandingly throughout the extensive judging period, which focused on customer service levels. Martin & Co Bedford has now been shortlisted for a number of national awards which will be announced shortly. In 2021, Martin & Co Bedford acquired local independent businesses Compass Lettings and Gateway Lettings adding to their already extensive portfolio of properties. If you have a property to sell or let in the areas we operate in, are looking for a new home, would like us to manage a property on your behalf or you would like a valuation for your home, please get in touch with a member of the team.
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