5-bedroom terraced house · PL1 5JJ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Versatile Property With Planning Permission For Two Separate Houses Situated on Neswick Street, this versatile property presents an exciting opportunity for both first-time buyers looking to make a home of their own and investors seeking their next project.
The property is currently arranged as a House in Multiple Occupation (HMO), with all existing tenants having been served notice to leave.
Previously, all double rooms within the property were let agreed for £500 per calendar month, the single room obtaining circa £400 per calendar month.
This provides an opportunity for the next owner to consider the property's future use and explore the potential to adapt the accommodation to suit their individual requirements.
Of particular interest, the current seller has planning permission in place under reference 21/01473/ful to convert the property into two separate houses, with a title split also proposed.
This offers an exciting prospect for buyers looking to explore the property's development potential, subject to verifying the scope and ongoing validity of the relevant planning permission and confirming the arrangements for the title split.
Whether you are a first-time buyer looking for a property to make your own, an investor seeking a property with scope to add value, or a developer interested in the potential to create two separate dwellings, Neswick Street offers a range of possibilities.
Early viewing is recommended to appreciate the flexibility and potential this property has to offer.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
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