5 Bed HMO, Northampton, NN1 3LE, £295,000

25 Alcombe Road, Northamptonshire, NN1 3LE - 19 views - a year ago

HMO
ROI: 5%
75 m²
+5 photos

ValuationOvervalued

Sold Prices£215K - £875K
Sold Prices/m²£1.5K/m² - £5.4K/m²

 

 

Square Metres

75 m²
Price/m²£3.9K/m²

Value Estimate

£208,763

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Total Cash In

£86,050

 

 

Cash Out

 

Room Rate

£460

Gross Rent

£2,300

Running Costs/mo

£1,965

Cashflow/mo

£335

Cashflow/yr

£4,019

ROI

5%

Gross Yield

9%

Local Sold Prices

41 sold prices from £215K to £875K, average is £450K. £1.5K/m² to £5.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£320K03/210.32 mi67, Colwyn Road, Northampton, Northamptonshire NN1 3PU5
£280K12/230.34 mi128, Artizan Road, Northampton, West Northamptonshire NN1 4HS5
£350K03/210.51 mi45, Holly Road, Northampton, West Northamptonshire NN1 4QL5
£424K06/210.53 mi23, Langham Place, Northampton, Northamptonshire NN2 6AA5
£330K04/240.7 mi82, Kingsley Road, Northampton, West Northamptonshire NN2 7BL5
£515K04/210.84 mi41, St Matthews Parade, Northampton, Northamptonshire NN2 7HE5
£620K06/220.88 mi36, Christchurch Road, Northampton, West Northamptonshire NN1 5LN5
£588K03/240.89 mi20, Christchurch Road, Northampton, West Northamptonshire NN1 5LN5
£410K01/210.89 mi221, Abington Avenue, Northampton, Northamptonshire NN1 4PU5
£545K08/230.98 mi27, Park Avenue North, Northampton, West Northamptonshire NN3 2HT5
£580K02/210.99 mi20, Park Avenue North, Northampton, Northamptonshire NN3 2HS5
£600K12/220.99 mi202, Billing Road, Northampton, West Northamptonshire NN1 5RX5
£630K05/231.03 mi10, Woodland Avenue, Northampton, West Northamptonshire NN3 2BY5
£590K08/231.04 mi70, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£464K02/211.04 mi56, Park Avenue North, Northampton, Northamptonshire NN3 2JE5
£523K09/231.04 mi34, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£875K08/231.06 mi4, Park Avenue South, Northampton, West Northamptonshire NN3 3AA5
£295K06/211.1 mi8, London Road, Northampton, Northamptonshire NN4 8AH5
£403K09/231.13 mi95, Park Avenue North, Northampton, West Northamptonshire NN3 2HX5
£215K03/211.2 mi90, Southampton Road, Northampton, West Northamptonshire NN4 8DY5
£640K12/211.3 mi22, Watersmeet, Northampton, West Northamptonshire NN1 5SG5
£355K10/201.3 mi18, Watersmeet, Northampton, Northamptonshire NN1 5SG5
£435K03/211.34 mi9, Filleigh Way, Northampton, Northamptonshire NN3 3LZ5
£485K02/211.35 mi68, Tanfield Lane, Northampton, Northamptonshire NN1 5RN5
£237K09/211.42 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£237K09/211.42 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£445K08/211.44 mi4, Belvedere Close, Northampton, Northamptonshire NN5 7DW5
£270K03/211.46 mi160, London Road, Northampton, Northamptonshire NN4 8AS5
£235K02/211.55 mi32, Fullingdale Road, Northampton, Northamptonshire NN3 2QA5
£425K05/211.56 mi24, Weston Way, Northampton, West Northamptonshire NN3 3BL5
£595.9K03/211.58 mi10, Hamlet Green, Northampton, West Northamptonshire NN5 7AR5
£625K06/211.58 mi12, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£630K12/201.58 mi9, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£586K03/231.65 mi357, Kettering Road, Northampton, West Northamptonshire NN3 6QT5
£270K12/201.75 mi83, Parkfield Avenue, Northampton, Northamptonshire NN4 8QD5
£375K12/231.79 mi76, Highlands Avenue, Northampton, West Northamptonshire NN3 6BQ5
£450K01/211.82 mi139, Welford Road, Northampton, Northamptonshire NN2 8AJ5
£856K09/211.87 miOrchard House, 73, High Street, Weston Favell, Northampton, West Northamptonshire NN3 3JX5
£463K02/211.96 mi13, North Western Avenue, Northampton, Northamptonshire NN2 8HH5
£305K12/211.98 mi232, The Headlands, Northampton, Northamptonshire NN3 2NT5
£565K08/231.99 mi9, Hardingstone Lane, Hardingstone, Northampton, West Northamptonshire NN4 6DF5

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £295,000

May 14, 2024

Sold for £127,500

2016

Floor Plans

Description

  • 9% ROI +
  • Five Bedrooms +
  • Ideal for investors +
  • Northamton Town Centre +
  • Ready Made HMO +

Strategically positioned near essential amenities and the general hospital, this property promises convenience and accessibility.

Upon entering, you're greeted by a welcoming entrance hall leading to a well-appointed fitted kitchen and a communal bathroom. Descend to the converted basement living room, ideal for relaxation or social gatherings.

The ground floor hosts two bedrooms, while the first floor boasts three additional bedrooms and another bathroom.

Managed seamlessly by our dedicated lettings team since 2021, this property has enjoyed uninterrupted occupancy, a testament to its prime location and superior quality. With zero void periods, tenants benefit from both the convenience of the surroundings and the standard of the accommodation.

Don't miss out on the opportunity to invest in this thriving rental asset.

This lucrative property generates an impressive annual income of £27,600, offering investors a substantial return on investment (ROI) of 9%. With such a robust financial performance, this asset stands as a testament to its enduring value and potential for lucrative returns.

Council Tax Band: A
Tenure: Freehold

Agent Details

Open House, Bedford

01234 860946

Next Steps?

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