A substantial period townhouse occupying a prime city centre position, currently operating as a fully let and licensed five-bedroom student HMO.
Property Description
The property is let to five students under an assured shorthold tenancy until 30 June 2026. It is currently advertised at a gross rental income of £3,800 per calendar month (£45,600 per annum) and holds an EPC rating of C, presenting an attractive turnkey investment opportunity. The well-proportioned accommodation is arranged over three floors, with the added benefit of a useful basement for storage. The ground floor comprises a spacious living room suitable for five occupants, a fitted kitchen/dining room, and one double bedroom. The first floor provides two double bedrooms and two modern three-piece shower rooms. The top floor offers two further double bedrooms, creating a well-balanced layout with generous living space throughout. Externally, there is a small patio area accessed from the ground floor bedroom and kitchen, with steps leading up to a lawned garden and garden shed. The property benefits from gas central heating throughout and has UPVC windows in the main rooms. The property is currently licensed as an HMO. Please note that HMO licences are issued to the landlord rather than the property, and a purchaser will be required to submit their own application following completion. For further information or to arrange a viewing, please get in touch.
Material Information
The property is held on a 1000 year lease from 29 September 1868 with a peppercorn ground rent. Council tax Band D which for the current year 2026/27 is £2,713.68 List of works carried out by current vendor in time order: 2013 - single bathroom converted to 2 shower rooms 2015 - roof gully re-lined with lead with welded rubber joints, and broken roof tiles repaired 2015 - gas central heating installed 2016 - new Upvc back door installed 2016 - new fridge 2016 - 4 rear windows in main house replaced with double glazing 2017 - new electric cooker 2017 - HMO licence renewal required fire doors for kitchen, lounge and basement, and basement ceiling re-plastered to make it fire resistant, 2017-2024 Regular annual maintenance jobs and other minor works. 2024 - installed new bathroom fans 2024 - boundary fence between 67 and 69 replaced.
