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Price History
Our Summary
- Guide Price: £895,000 For sale by unconditional online auction starting on 17th June at 09:00 and ending on 23rd November at 12:00 For Sale by online Auction, this High-Yield Former Care Home with Approved 13-Bed En-Suite HMO & Multi-Let Office Income
- PRIME INVESTMENT OPPORTUNITY FOR SALE BY ONLINE AUCTION High-Yield Former Care Home with Approved 13-Bed En-Suite HMO & Multi-Let Office Income An exceptional opportunity to acquire a substantial former care home with approved planning permission under Application Reference 2025/0093 for Change of Use of part of the residential home to a 13-bedroom HMO, each bedroom benefiting from its own private en-suite
- Condition & Readiness The building appears to be in good cosmetic order, allowing purchasers the opportunity to: Progress letting of the HMO rooms upon licence grant Actively market and let the vacant office suites Immediately enhance rental income Investment Summary 13 En-Suite HMO Rooms (Approved Planning Ref: 2025/0093) Estimated £650pcm per room Professional management already secured Income-producing service offices with upside potential Parking & strong transport links Lifestyle-focused amenities rarely found in competing HMOs Sold via Online Auction This is a rare hybrid investment combining high-spec co-living accommodation with commercial office income offering diversification within a single asset
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Description
The property is a former care home located in a prime investment opportunity, with approved planning permission for a 13-bed en-suite HMO and multi-let office income. The HMO features two spacious lounges, a large communal kitchen space, gym, craft room, laundry room, bike store, and side and rear gardens, with local agents anticipating rental levels of approximately £650 per month per room. The building also has a front section with income-producing service offices, including four occupied offices and five vacant offices, with estimated rental values of £250-£700 per month per office.
The property benefits from a private car park, no parking restrictions on neighbouring roads, and excellent public transport connectivity. The property is in good cosmetic order, allowing for the immediate progression of letting and marketing of the HMO rooms and vacant office suites, with estimated annual gross income potential.