18 bedroom terraced house for sale

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18 bedroom terraced house for sale

Queens Road, Great Yarmouth
£500,000

Our Summary

  • Beyond its current layout, the property offers significant potential for further development
  • Both areas present excellent opportunities to create additional bedrooms, or further communal amenities (stpp)

Description

This exceptional opportunity presents a fully compliant 18-bedroom HMO with an additional self-contained 1-bedroom flat, located in the heart of Great Yarmouth, Norfolk. The property has been owned and operated for over 10 years, providing a consistent income-generating asset with a 28% gross yield. The property is fully tenanted with long-term occupants, and a valid HMO licence is in place until September 2026. The location offers easy access to local amenities, public transport, and the renowned seafront and beaches. The property is well-maintained, with gas central heating and a comprehensive fire safety system, and offers significant potential for further development, including underutilised store rooms and a large loft space. With all 18 rooms occupied by long-term tenants, this is a rare opportunity to purchase a significant income-generating asset with a stable and consistent rental income.