Standout Features
- Poets quarter
- HMO potential
- Two Victorian properties
- Close to train station
- 12 bedroom
- 5 bathrooms
- Off-road parking
- Pre-planning submitted
- Offering exceptional scope for development and strong rental potential
Property Description
MILTON HOUSE This is a rare chance to acquire two adjoining Victorian-style semi-detached properties in one of Bedford's most desirable locations, the Poets Quarter. Offering exceptional scope for development and strong rental potential, this opportunity is ideal for seasoned investors or developers looking to maximize returns.
The properties are currently arranged as twelve bedrooms with communal spaces, but there is potential to create up to fifteen bedrooms while retaining the existing shared areas. Pre-planning applications have already been submitted for a fifteen-bed HMO and for conversion into six flats, comprising four one-bedroom flats and two two-bedroom flats. Please note that full planning permission will need to be obtained by the successful buyer.
As it stands, the potential rental income is approximately £8,400 per calendar month, and with the addition of three further rooms, this could increase to around £10,500 per calendar month, making this an exceptionally lucrative investment.
These two-storey Victorian-style buildings retain period character and benefit from off-road parking for four vehicles, along with two additional permit spaces on the road. There is an attractive front garden and a rear courtyard, adding further appeal.
The location is highly sought after, close to Bedford town centre, transport links, and local amenities, making it a prime rental hotspot with strong demand from professionals and students. This investment offers multiple exit strategies, including HMO conversion, flat development, or upscale co-living, and provides significant potential for capital appreciation and high rental yields.
Opportunities like this are rare, combining flexibility, scale, and location-the three pillars of a successful investment. Contact us today to discuss the possibilities and arrange a viewing.
The properties are currently arranged as twelve bedrooms with communal spaces, but there is potential to create up to fifteen bedrooms while retaining the existing shared areas. Pre-planning applications have already been submitted for a fifteen-bed HMO and for conversion into six flats, comprising four one-bedroom flats and two two-bedroom flats. Please note that full planning permission will need to be obtained by the successful buyer.
As it stands, the potential rental income is approximately £8,400 per calendar month, and with the addition of three further rooms, this could increase to around £10,500 per calendar month, making this an exceptionally lucrative investment.
These two-storey Victorian-style buildings retain period character and benefit from off-road parking for four vehicles, along with two additional permit spaces on the road. There is an attractive front garden and a rear courtyard, adding further appeal.
The location is highly sought after, close to Bedford town centre, transport links, and local amenities, making it a prime rental hotspot with strong demand from professionals and students. This investment offers multiple exit strategies, including HMO conversion, flat development, or upscale co-living, and provides significant potential for capital appreciation and high rental yields.
Opportunities like this are rare, combining flexibility, scale, and location-the three pillars of a successful investment. Contact us today to discuss the possibilities and arrange a viewing.
Additional Information
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Freehold
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Milton House, Spencer Road Bedford
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