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5 bedroom terraced house for sale
Fearon Street, Loughborough, Leicestershire, LE11
£375,000
Fearon Street, Loughborough, Leicestershire, LE11
£375,000
Our Summary
- Investment Opportunity - Five-Bed Student HMO with Scope to Create Six Bedrooms, Fearon Street, Loughborough Generating £31,200 gross annual income for 25/26 rising to £33,800 for 26/27
- Importantly, the property offers clear potential to be reconfigured into a six-bedroom HMO, subject to the necessary consents
- The HMO is fully compliant and licensed, allowing an incoming purchaser to benefit from immediate income with no requirement for significant works
Description
This five-bedroom student HMO in Loughborough's Fearon Street is a compelling investment opportunity, generating a gross annual income of £31,200 and rising to £33,800 in the next academic year. The property is fully licensed and well-presented, with five generously sized double bedrooms, a communal kitchen, and shared living space, designed to support practical and sociable student living. With a proven letting history and strong annual re-let performance, the property offers solid long-term prospects for capital growth. Additionally, there is clear potential to reconfigure the property into a six-bedroom HMO, subject to necessary consents, providing a valuable opportunity to enhance rental income and overall yield. With a buyer's fee of 2% of the purchase price payable upon completion, this turnkey student investment offers a strong existing income with clear upside potential in one of the Midlands' most resilient student rental markets.