16 BED House For sale

Port Street, 20 Port Street, WR11

OIRO £800,000

16 7

Enquire about this property
01386 444900

Property details

Central freehold HMO with 16 rooms across 4 units (vacant), plus a let commercial unit. Flexible investment, compliant, with scope for re-letting, improvement, or redevelopment.

A substantial freehold HMO investment opportunity, centrally located and offering exceptional flexibility, diverse income and long-term redevelopment potential.

The residential element is arranged to provide 16 HMO rooms, configured across four self-contained residential units, each comprising four lettable rooms with shared kitchen and bathroom facilities. The residential accommodation will be sold with vacant possession, allowing an incoming purchaser to re-let, reconfigure, or repurpose the space to suit their preferred investment strategy.

The property is fully licensed where applicable, with compliant fire alarm systems and fire regulations in place, ensuring a smooth transition for continued HMO operation or alternative use. Of the 16 rooms, four have been recently renovated, with a further eight recently redecorated, providing a strong balance between immediate lettability and further value-add potential through continued improvement.

In addition to the residential accommodation, the property benefits from a separate commercial unit, currently let to a long-standing beauty parlour tenant. The commercial lease has just under three years remaining, offering a secure and established income stream with the tenant remaining in situ.

Occupying a central town location, the property is ideally positioned close to a wide range of amenities and enjoys excellent access to local and far-reaching transport links. This prime positioning supports consistent rental demand across both the residential and commercial elements.

The freehold nature of the asset, combined with its layout and location, offers significant long-term flexibility, with potential for conversion to alternative residential or commercial uses, or specialist accommodation such as care facilities, subject to the necessary consents.

This is a rare opportunity to acquire a compliant, mixed-use freehold investment with immediate options, diversified income, and clear scope for future enhancement or redevelopment.


Calculate Your Stamp Duty
£
Results
Stamp Duty To Pay:
Effective Rate:
Tax Band % Taxable Sum Tax

Property location

Property Floorplan

Floorplan

Property EPC