6 bed terraced house for sale

Stanley Street, Bedford MK41

Description

**This substantial property is set up as a licensed six bedroom HMO and presents an excellent opportunity for investors looking for a ready-made income generating property.**

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 spacious four bedroom family home, the property has since been arranged and licensed as a 6 bedroom / 6 person HMO. The current layout has been carefully designed to provide practical accommodation for multiple occupants, whilst still retaining the generous proportions and versatility expected from a substantial period-style terraced property.

The property is currently producing a gross rental income of **£3,150 per calendar month**, equating to **£37,800 per annum**

Split over two floors, the accommodation briefly comprises six letting rooms, a large kitchen/breakfast/dining room, ground floor bathroom and WC, a further bathroom on the first floor and a rear enclosed garden.

**Accommodation / Room Measurements**

**Ground Floor**

Bedroom 5: 12'8" x 11'11" / 3.9m x 3.6m
Bedroom 6: 13'2" x 10'11" / 4.0m x 3.3m
Bathroom
Kitchen/Breakfast/Dining Room: 29'9" x 10'11" / 9.1m x 3.3m
Separate WC

**First Floor**

Bedroom 1: 16'10" x 11'11" / 5.1m x 3.6m
Bedroom 2: 13'1" x 10'10" / 4.0m x 3.3m
Bedroom 3: 11'2" x 11'1" / 3.4m x 3.4m
Bedroom 4: 9'11" x 7'10" / 3.0m x 2.4m
Bathroom

Further benefits include mains gas central heating, double glazing and no upper chain, offering a smoother purchase for the new owner. The property is already licensed and arranged as a HMO, making it a strong option for landlords seeking immediate rental income in a proven Bedford lettings 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**

Room 1: £500pcm
Room 2: £500pcm
Room 3: £550pcm
Room 4: £475pcm (with potential to achieve higher)
Room 5: £550pcm
Room 6: £575pcm

Current total rental income: **£3,150pcm / £37,800 per annum**

**Agents Note**

The property is currently used as a licensed HMO. Buyers should make their own enquiries regarding the HMO licence, compliance requirements, rental income, tenancy position and any future use or conversion of the property.

Council Tax Band: C (Bedford Borough Council)
Tenure: Freehold