£800,000
10 bed terraced house for saleLeicester Road, Loughborough LE11
10 beds
10 baths
3 receptions
Just added
Chain free
Freehold
About this property
No Upward Chain
14 Double Bedrooms
11 En-suites/Shower Rooms
Approx. 12.08% Yield
Achievable Rents Circa £525–£650 pcm per room
Description
Available with no upward chain. An exceptional and rarely available turnkey HMO investment opportunity, offering a substantial and characterful former hotel, thoughtfully converted to provide **14 letting bedrooms**, whilst retaining an abundance of original period features and charm throughout.
The former Garendon Park Hotel has been successfully reconfigured to create a high-quality House in Multiple Occupation (HMO), with a mix of en-suite and shared bathroom facilities. The property has been arranged to meet current fire safety regulations, presenting investors with an outstanding opportunity to acquire a compliant, income-producing asset with excellent long-term rental prospects.
The accommodation extends over four floors and briefly comprises two double letting rooms to the ground floor, together with a communal dining room and fitted kitchen. A striking entrance hall provides access to the basement level, where there are a further three double letting rooms with en-suite to one room, a communal lounge and a modern shower suite.
The first floor offers four generously proportioned double bedrooms, with three benefiting from its own private en-suite shower room. The feature staircase continues to the second floor, where there are three additional double bedrooms, each served by an en-suite shower room.
The third and final floor provides two further double bedrooms, with the larger room benefiting from a spacious three-piece bathroom suite.
Externally, the property has been configured in accordance with current regulations and benefits from a fire escape staircase serving each floor to the rear. The enclosed rear garden has been designed for ease of maintenance, being predominantly paved, and incorporates a timber storage shed providing useful additional storage.
The bedrooms are well-proportioned throughout and offer, strong rental potential, with individual room rents typically achievable in the region of £525-£625 per calendar month, depending on room size and specification. At full occupancy, the property therefore offers an attractive gross income potential, making it an ideal acquisition for both established portfolio landlords and investors looking to expand within the HMO sector.
Properties of this scale, character and investment quality are seldom available. Early viewing is strongly recommended to appreciate both the accommodation and the income-generating potential on offer.
Please note there are 14 separate rooms, each with individual EPCs & for more information please contact the agent.
Tenure: Freehold
Available with no upward chain. An exceptional and rarely available turnkey HMO investment opportunity, offering a substantial and characterful former hotel, thoughtfully converted to provide **14 letting bedrooms**, whilst retaining an abundance of original period features and charm throughout.
The former Garendon Park Hotel has been successfully reconfigured to create a high-quality House in Multiple Occupation (HMO), with a mix of en-suite and shared bathroom facilities. The property has been arranged to meet current fire safety regulations, presenting investors with an outstanding opportunity to acquire a compliant, income-producing asset with excellent long-term rental prospects.
The accommodation extends over four floors and briefly comprises two double letting rooms to the ground floor, together with a communal dining room and fitted kitchen. A striking entrance hall provides access to the basement level, where there are a further three double letting rooms with en-suite to one room, a communal lounge and a modern shower suite.
The first floor offers four generously proportioned double bedrooms, with three benefiting from its own private en-suite shower room. The feature staircase continues to the second floor, where there are three additional double bedrooms, each served by an en-suite shower room.
The third and final floor provides two further double bedrooms, with the larger room benefiting from a spacious three-piece bathroom suite.
Externally, the property has been configured in accordance with current regulations and benefits from a fire escape staircase serving each floor to the rear. The enclosed rear garden has been designed for ease of maintenance, being predominantly paved, and incorporates a timber storage shed providing useful additional storage.
The bedrooms are well-proportioned throughout and offer, strong rental potential, with individual room rents typically achievable in the region of £525-£625 per calendar month, depending on room size and specification. At full occupancy, the property therefore offers an attractive gross income potential, making it an ideal acquisition for both established portfolio landlords and investors looking to expand within the HMO sector.
Properties of this scale, character and investment quality are seldom available. Early viewing is strongly recommended to appreciate both the accommodation and the income-generating potential on offer.
Please note there are 14 separate rooms, each with individual EPCs & for more information please contact the agent.
Tenure: Freehold
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