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Stanley Street, Bedford
£365,000
5 bedroom mid terraced house for sale
**This well arranged property is set up as a licensed FIVE bedroom HMO and presents an excellent opportunity for investors looking for an income generating property in a proven Bedford lettings location.**
Located on Stanley Street, within the popular Prime Ministers area of Bedford, the property is ideally positioned for tenants, being within walking distance to Bedford town centre, Bedford Park, local amenities and the mainline train station, which provides regular trains into London in under an hour.
**If you are looking for the perfect investment opportunity, this is an ideal project!**
Originally built as a three bedroom family home, the property has since been arranged and licensed as a 5 bedroom / 5 person HMO. The current layout provides practical accommodation for multiple occupants, whilst still retaining the versatility expected from a traditional terraced property.
The property is currently let on a company let agreement at **£2,300 per calendar month**, equating to **£27,600 per annum**. This provides a straightforward rental arrangement for landlords seeking a managed income stream.
Alternatively, if let as individual rooms, the average rent is estimated at approximately **£525pcm per room**. Based on five rooms, this would produce a gross rental income of approximately **£2,625pcm / £31,500 per annum**
Split over two floors, the accommodation briefly comprises five letting rooms, a large kitchen/breakfast/dining room, a separate reception room for communal use, one en-suite room and a further separate bathroom on the first floor.
Further benefits include mains gas central heating, double glazing and a practical layout which works well for HMO use. The property is already licensed and arranged as a HMO, making it a strong option for landlords seeking rental income in a popular and convenient Bedford location.
The property is located close to numerous local amenities, eateries, cafes, public houses and much more. A short walk will bring you to Bedford town centre, the picturesque Embankment and Bedford Park. Well situated for commuters, the mainline train station and bus station are nearby, with regular trains into London in less than an hour.
Whether you are looking for reliable rental income, a long-term investment, or a future residential conversion project, this adaptable property offers a range of options and should not be missed!
**Current Rental Income**
Company let: **£2,300pcm / £27,600 per annum**
**Potential Individual Room Rental Income**
Estimated average room rent: **£525pcm including bills**
Five rooms at £525pcm: **£2,625pcm / £31,500 per annum**
Ground Floor
Ground Floor Bedroom: 13'6" x 9'7" / 4.11m x 2.92m
Reception: 11'11" x 10'2" / 3.63m x 3.10m
Kitchen/Breakfast Room: 18'8" x 7'11" / 5.69m x 2.41m
Rear Bedroom: 11'4" x 7'3" / 3.45m x 2.21m
Shower Room / En-suite to rear bedroom
First Floor
Bedroom: 14'9" x 13'2" / 4.50m x 4.01m
Bedroom: 11'10" x 9'5" / 3.61m x 2.87m
Bedroom: 12'2" x 7'11" / 3.71m x 2.41m
Shower Room
**Agents Note**
The property is currently used as a licensed HMO and is let on a company let arrangement. Buyers should make their own enquiries regarding the HMO licence, compliance requirements, rental income, tenancy position, company let agreement, running costs and any future use or conversion of the property.
Council Tax Band: B (Bedford Borough Council)
Tenure: Freehold
Garden details: Rear Garden
Located on Stanley Street, within the popular Prime Ministers area of Bedford, the property is ideally positioned for tenants, being within walking distance to Bedford town centre, Bedford Park, local amenities and the mainline train station, which provides regular trains into London in under an hour.
**If you are looking for the perfect investment opportunity, this is an ideal project!**
Originally built as a three bedroom family home, the property has since been arranged and licensed as a 5 bedroom / 5 person HMO. The current layout provides practical accommodation for multiple occupants, whilst still retaining the versatility expected from a traditional terraced property.
The property is currently let on a company let agreement at **£2,300 per calendar month**, equating to **£27,600 per annum**. This provides a straightforward rental arrangement for landlords seeking a managed income stream.
Alternatively, if let as individual rooms, the average rent is estimated at approximately **£525pcm per room**. Based on five rooms, this would produce a gross rental income of approximately **£2,625pcm / £31,500 per annum**
Split over two floors, the accommodation briefly comprises five letting rooms, a large kitchen/breakfast/dining room, a separate reception room for communal use, one en-suite room and a further separate bathroom on the first floor.
Further benefits include mains gas central heating, double glazing and a practical layout which works well for HMO use. The property is already licensed and arranged as a HMO, making it a strong option for landlords seeking rental income in a popular and convenient Bedford location.
The property is located close to numerous local amenities, eateries, cafes, public houses and much more. A short walk will bring you to Bedford town centre, the picturesque Embankment and Bedford Park. Well situated for commuters, the mainline train station and bus station are nearby, with regular trains into London in less than an hour.
Whether you are looking for reliable rental income, a long-term investment, or a future residential conversion project, this adaptable property offers a range of options and should not be missed!
**Current Rental Income**
Company let: **£2,300pcm / £27,600 per annum**
**Potential Individual Room Rental Income**
Estimated average room rent: **£525pcm including bills**
Five rooms at £525pcm: **£2,625pcm / £31,500 per annum**
Ground Floor
Ground Floor Bedroom: 13'6" x 9'7" / 4.11m x 2.92m
Reception: 11'11" x 10'2" / 3.63m x 3.10m
Kitchen/Breakfast Room: 18'8" x 7'11" / 5.69m x 2.41m
Rear Bedroom: 11'4" x 7'3" / 3.45m x 2.21m
Shower Room / En-suite to rear bedroom
First Floor
Bedroom: 14'9" x 13'2" / 4.50m x 4.01m
Bedroom: 11'10" x 9'5" / 3.61m x 2.87m
Bedroom: 12'2" x 7'11" / 3.71m x 2.41m
Shower Room
**Agents Note**
The property is currently used as a licensed HMO and is let on a company let arrangement. Buyers should make their own enquiries regarding the HMO licence, compliance requirements, rental income, tenancy position, company let agreement, running costs and any future use or conversion of the property.
Council Tax Band: B (Bedford Borough Council)
Tenure: Freehold
Garden details: Rear Garden
Features
- Fantastic location for tenants
- Income generating investment property
- Walking distance to Bedford train station and town centre
- Licensed 5 bedroom / 5 person HMO
- Potential rental income of c. £31,500 per annum
- Originally a 3 bedroom mid-terraced house
- Large kitchen/breakfast/dining room plus communal reception room
- One en-suite/shower room plus separate upstairs shower room
Reference: RS0116
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
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