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North Road East

South West

£500,000
Listed on 09/12/2025

Property Details

Bedrooms
11
Type
Terraced house

Description

This property presents a unique redevelopment opportunity in a prime city location, particularly appealing given its proximity to the university and thriving student community. Currently operating under Commercial Class C2 licensing, the property is well-maintained and offers significant potential for conversion into self-contained units or a high-end House in Multiple Occupation (HMO), pending planning approval. With 11 bedrooms, four spacious living areas, four kitchens, and four bathrooms, the existing layout is conducive to creating top-tier accommodation for students or professionals. The property's well-kept condition minimizes immediate renovation expenditures and boosts its attractiveness as an investment. Its strategic positioning within a high-demand rental market further enhances its appeal for developers looking to tap into the lucrative student housing sector or residential schemes. Overall, this property stands out due to its quality construction, adaptable layout, and unbeatable location, making it an enticing prospect for investors aiming to create a premium living environment.

Investment Analysis

(PL4 area)
Area Average
£195/sq ft
Avg Rent (weekly)
£160
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PL4)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 9.5%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on PL4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

North Road East
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE