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6 bed property
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Our Summary
- An excellent investment opportunity to acquire a substantial period villa, currently operating as a fully licensed six-bedroom HMO and generating an approximate gross annual income of £36,000 when let on a room-by-room basis
- The property also benefits from having previously been granted planning permission for a change of use, allowing the ground floor to be converted into a commercial premises, offering an additional angle for future potential should an investor wish to explore alternative strategies
- With its proven income, established HMO setup and prime location, this is a ready-made investment offering both immediate returns and future potential
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Description
The property is a period villa arranged over three floors, offering six spacious and versatile letting rooms, including two on the ground floor, two on the first floor, and two on the second floor. The ground floor also features a kitchen/diner, separate utility area, and a W/C, providing a communal space. The first floor includes a bathroom, and the second floor completes the six-bedroom layout.
The property has been granted planning permission to convert the ground floor to a commercial premises, offering alternative uses.