Paget Street, Loughborough, Leicestershire

This three-bedroom property presents a solid investment opportunity for those looking to enter the student housing market, especially with approved planning permission to transform it into a five-bedroom HMO. Currently fully let for the 2026/27 academic year, it generates a reliable annual rental income of £18,720, ensuring immediate financial returns for any buyer. The layout features three spacious bedrooms alongside communal living areas and two bathrooms, all offered fully furnished. The highlight of this property is undoubtedly the existing planning consent which allows for an expansion to five bedrooms, significantly increasing its rental potential and overall value. With practical communal facilities intact, the proposed renovations promise to enhance both functionality and livability for future tenants. Located in a well-frequented area close to Loughborough University and the town centre, this property is strategically positioned to attract student renters, making it an appealing prospect for long-term investment. Additionally, there is potential for improving the property's EPC rating from its current status of D through the planned upgrades. With this established rental income and ready-to-go plans for further development, this is a prime opportunity not just for current cash flow but also for significant capital appreciation over time.