Offers over
£300,000
7 bed property for saleGayhurst Close, Leicester, Leicestershire LE3
7 beds
3 baths
1 reception
EPC Rating: C
- Freehold
HMOX Sales
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About this property
Property Layout – 7 bed, 3 bathroom HMO (licensed for 8 people), finished to a high standard
Tenant Type – Fully tenanted by working professionals, ensuring stable rental income
Strategic Location – Prime Leicester location near universities, major employers and amenities
Transport & Connectivity – Excellent links with direct trains to London and easy M1 access
Regeneration Benefits – Ongoing city centre and waterside regeneration driving strong demand
High Rental Income & Strong Yield – Gross annual income £35,700, delivering 11.90% yield
This fully licensed 7-bedroom, 3-bathroom HMO-finished to a high standard and tenanted by working professionals-offers an attractive turnkey investment. Generating a strong annual income of £35,700 and delivering an impressive gross yield of 11.9%, the property ensures stable cash flow with low vacancy risk. Situated in a prime Leicester location close to universities, major employers, and amenities, it benefits from excellent transport links, including direct trains to London and easy M1 access. With the ongoing city centre and waterside regeneration driving tenant demand and future capital growth, this property represents a secure, high-yielding opportunity in one of the Midlands’ most vibrant rental markets.
Important Note on Layout & Licensing: The property is currently arranged as 8 bedrooms and holds an HMO licence for 8 occupants. However, one bedroom falls below the minimum size requirement and therefore cannot be rented until an internal wall adjustment is made in line with the original planning permission drawings. Once amended, the property can operate in full compliance as an 8-bedroom HMO, allowing the additional rental income to be realised.
Income Breakdown (Monthly):
Room 1: £420.00
Room 2: £420.00
Room 3: £420.00
Room 4: £510.00
Room 5: £385.00
Room 6: N/A - Currently let for £340 pcm but the room is undersized and cannot be re-tenanted (This income has not been factored into the overall total)
Room 7: £400.00
Room 8: £420.00
Total Monthly Income: £2,975.00
Total Annual Income: £35,700.00
Expenditure Breakdown (Monthly):
Gas & Electric: £324.00
Water: £107.91
Council Tax: £222.00
TV License: £14.58
Broadband: £38.40
Cleaner: £90.00
Management: £564.00
Gardener: £24.00
Total Monthly Expenditure: £1,384.89
Total Annual Expenditure: £16,618.68
Investment Performance:
Net Annual Income: £19,081.32
Gross Yield: 11.90%
Net Yield: 6.36%
Compliance And Licensing:
- HMO License (8 people)
- Sui Generis Planning Approval
- EPC
- eicr
- Fire Alarm Inspection Certificate
- Emergency Lighting Inspection Certificate
- Gas Safety Certificate
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