6-bedroom terraced house · NE2 1AY
Sold STCListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
360 VIRTUAL TOUR - HMO INVESTMENT PROPERTY – APPROX. 9.4% YIELD - SOLAR PANELS GENERATING APPROX £1,500 P.A.
A fantastic opportunity to purchase a well-established six-bedroom student rental property in a strong and consistently popular location for student tenants.
The property has been part of the same investment portfolio for around 20 years and, during that time, has remained continuously let with no void periods.
It has always proved particularly popular with both student and postgraduate groups thanks to the size of the rooms, the practical layout, and the excellent communal living space.
Accommodation briefly includes six bedrooms, two bathrooms and a spacious kitchen/living area which works extremely well for shared living.
Over the years, the property has been improved and adapted by an experienced student landlord, with sensible use of space and storage throughout to suit the demands of the market.
The standard of accommodation, combined with the location and proven rental history, makes this an ideal purchase for investors looking to expand an existing portfolio or for someone entering the student rental market looking for a reliable income-producing asset from day one.
Properties with this level of occupancy history and tenant demand rarely stay available for long.
On The Ground Floor - Hallway - Utility/Wc - 1.54m x 1.68m (5'1" x 5'6") - Measurements taken from the widest points.
Bedroom - 3.53m x 4.22m (11'7" x 13'10") - Measurements taken from the widest points. Living Room - 5.70m x 3.72m (18'8" x 12'2") - Measurements taken from the widest points.
Kitchen - 4.60m x 2.31m (15'1" x 7'7") - Measurements taken from the widest points. On The First Floor - Landing - Bedroom - 3.50m x 2.72m (11'6" x 8'11") - Measurements taken from the widest points.
Bedroom - 3.50m x 2.68m (11'6" x 8'10") - Measurements taken from the widest points. Bedroom - 3.71m x 3.43m (12'2" x 11'3") - Measurements taken from the widest points.
Shower Room - 1.88 x 0.86 (6'2" x 2'9") - Measurements taken from the widest points. Bathroom - 1.78 x 2.31 (5'10" x 7'6") - Measurements taken from the widest points.
On The Second Floor - Bedroom - 3.56m x 5.36m (11'8" x 17'7") - Measurements taken from the widest points. Bedroom - 3.64m x 5.50m (11'11" x 18'1") - Measurements taken from the widest points.
Disclaimer - The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Value & comps
No previous sales on record.
Returns
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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 advisors 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.
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