We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom house · RM3 0QH
For saleListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description ## Guide Price £725,00 to £750,000. ## Exceptional Licensed HMO Investment Opportunity - Harold Wood with no onward chain.
A rare opportunity to acquire a fully licensed HMO, licensed by Havering Council, in a prime location just a short walk from Harold Wood Station.
This impressive investment property comprises six spacious bedrooms, each benefiting from its own private kitchen, providing tenants with a high level of independence and convenience.
In addition, the property includes a self-contained apartment complete with its own private bathroom, kitchen, and direct access to a private garden, offering excellent flexibility and broad tenant appeal.
The property is well equipped to accommodate residents comfortably, with two separate communal shower rooms and two separate communal toilets, ensuring practical and convenient shared facilities alongside the private amenities within the accommodation.
Ideally positioned within walking distance of Harold Wood Station on the Elizabeth line, the property provides excellent transport links into Central London and beyond, making it highly desirable for commuters.
It is also conveniently located close to local shops, supermarkets, restaurants, and other everyday amenities, ensuring strong and consistent tenant demand.
The property further benefits from off-street parking for three cars and a private garden serving the self-contained apartment, adding to its appeal for investors.
Offered with a current HMO licence from Havering Council, this is a ready-to-go investment with excellent rental income potential and an opportunity to acquire a high-performing asset in a sought-after rental location.
Combining generous accommodation, a versatile layout, excellent transport links, excellent tenant facilities, private outdoor space, and dedicated parking, this is an outstanding investment opportunity that is rarely available.
Early viewing is highly recommended to fully appreciate everything this exceptional property has to offer. Tenure: Freehold Front Forecourt Off street parking, side access to rear garden.
Hall Stairs to first floor and doors self contained flat and Room.
Self Contained Flat Room 1 W: 12' 4" x l: 12' (w: 3.76m x l: 3.66m) Self contained one bedroom apartment- Double glazed window to rear, radiator, double glazed door to garden.
12' 12' 4" Lounge-Double glazed window to flank, radiator and door to.
15'8" 10'1" Kitchen- Double glazed window to flank, door to flank leading to garden, wall units along 2 walls, work surfaces along 2 walls with storage under, space for domestic appliances, bowl drainer sink with taps over and radiator.
14'1" 10'1" Bathroom- Obscure double glazed window to flank, panel bath with taps and shower over, low level w/c, pedestal sink with taps over and cupboard housing boiler.
7'2" 6'3" Garden Paved area with remainder laid to lawn, side gate access leading to front, shed and outside water tap.
Room 1 W: 12' x l: 16' 8" (w: 3.66m x l: 5.08m) Studio room- Double glazed bay window to front, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Landing Stairs to second floor and doors to. WC W: 5' 8" x l: 9' 9" (w: 1.73m x l: 2.97m) Obscure double glazed window to front, 2 love level w/c, hand basin with taps over.
Shower Room W: 5' 8" x l: 9' 9" (w: 1.73m x l: 2.97m) Obscure double glazed window to flank and 2 shower cubicles.
Room 2 W: 10' 3" x l: 8' 4" (w: 3.12m x l: 2.54m) Studio room- Double glazed window to flank, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Room 3 W: 12' 8" x l: 10' 2" (w: 3.86m x l: 3.1m) Studio room- Double glazed window to front, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Room 4 W: 12' 3" x l: 14' 2" (w: 3.73m x l: 4.32m) Studio room- Double glazed window to front, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Landing Storage cupboard and doors to.
Room 5 W: 12' 1" x l: 12' 8" (w: 3.68m x l: 3.86m) Studio room- Skylight to rear, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Room 6 W: 13' 3" x l: 13' 7" (w: 4.04m x l: 4.14m) Studio room- Double glazed window to front, radiator, wall units along 1 wall, work surfaces along 1 wall with storage under, space for domestic appliances and fitted wardrobe.
Garden Paved area with remainder laid to lawn, side gate access leading to front, shed and outside water tap.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.jpeg)
FAQ
About 38a Athelstan Road, Romford
Explore nearby