4 Bed HMO, Northampton, NN4 8QZ, £280,000

Braunston Close, Northampton, NN4 8QZ - 6 months ago

Sold STC
HMO
ROI: 7%
~129 m²
+6 photos

ValuationUndervalued

Sold Prices£188K - £680K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£338,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Room Rate

£576

Gross Rent

£2,304

Running Costs/mo

£1,829

Cashflow/mo

£475

Cashflow/yr

£5,695

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £188K to £680K, average is £375K. £1.6K/m² to £5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£273K06/210.01 mi9, Braunston Close, Northampton, Northamptonshire NN4 8QZ4
£361K06/230.08 mi5, Kingmaker Way, Northampton, West Northamptonshire NN4 8QL4
£335K02/210.08 mi38, Lancaster Way, Northampton, Northamptonshire NN4 8LY4
£350K09/230.15 mi8, Bosworth Close, Northampton, West Northamptonshire NN4 8QR4
£385K03/230.15 mi4, Bosworth Close, Northampton, West Northamptonshire NN4 8QR4
£297.5K07/210.16 mi49, Lancaster Way, Northampton, Northamptonshire NN4 8LU4
£345K12/200.16 mi67, Lancaster Way, Northampton, Northamptonshire NN4 8LU4
£375K01/210.17 mi68, Lancaster Way, Northampton, Northamptonshire NN4 8LD4
£295K03/210.19 mi41, Leah Bank, Northampton, Northamptonshire NN4 8RG4
£210K04/210.24 mi7, Camborne Close, Northampton, Northamptonshire NN4 8PH4
£450K09/210.27 mi166, Towcester Road, Northampton, Northamptonshire NN4 8LW4
£410K03/210.27 mi170, Towcester Road, Northampton, Northamptonshire NN4 8LW4
£300K11/220.34 mi23, Floribunda Drive, Northampton, West Northamptonshire NN4 8RZ4
£335K04/230.4 mi130, Towcester Road, Northampton, West Northamptonshire NN4 8LH4
£206K09/230.41 mi58, Rothersthorpe Road, Northampton, West Northamptonshire NN4 8JB4
£273K07/210.47 mi34, Five Acres Fold, Northampton, Northamptonshire NN4 8TQ4
£298K12/200.48 mi1, Yeoman Meadow, Northampton, Northamptonshire NN4 9YU4
£350K02/210.48 mi14, Yeoman Meadow, Northampton, Northamptonshire NN4 9YU4
£215K02/210.5 mi74, Towcester Road, Northampton, Northamptonshire NN4 8LQ4
£680K09/230.52 mi11, Hunsbury Close, Northampton, West Northamptonshire NN4 9UE4
£645K06/230.52 mi37, Hunsbury Close, Northampton, West Northamptonshire NN4 9UE4
£425K06/230.6 mi12, Olympia Close, Northampton, West Northamptonshire NN4 0RU4
£430K08/230.6 mi61, Olympia Close, Northampton, West Northamptonshire NN4 0RU4
£435K06/230.6 mi64, Olympia Close, Northampton, West Northamptonshire NN4 0RU4
£395K08/230.6 mi52, Summerfields, Northampton, West Northamptonshire NN4 9YN4
£229K08/210.63 mi23, Hambledon Rise, Northampton, Northamptonshire NN4 8TT4
£380K03/210.67 mi16, Tideswell Close, Northampton, Northamptonshire NN4 9XY4
£350K11/210.67 mi6, Icknield Drive, Northampton, West Northamptonshire NN4 9YS4
£263K01/230.68 mi24, Forest Road, Northampton, West Northamptonshire NN4 8PA4
£495K01/230.68 mi15, Bakewell Close, Northampton, West Northamptonshire NN4 9YY4
£395K08/210.68 mi4, Icknield Drive, Northampton, Northamptonshire NN4 9YS4
£442.5K02/210.69 mi27, Hobby Close, Northampton, Northamptonshire NN4 0RN4
£188K02/210.69 mi20, Pitstone Road, Northampton, Northamptonshire NN4 8TL4
£500K09/210.7 mi1, Hawksnest, Northampton, Northamptonshire NN4 0RH4
£347.5K06/210.71 mi7, Whaddon Close, Northampton, West Northamptonshire NN4 9XS4
£435K09/230.72 mi55, Gresham Drive, Northampton, West Northamptonshire NN4 9SZ4
£375K10/210.72 mi40, Aviemore Gardens, Northampton, Northamptonshire NN4 9XJ4
£485K01/230.73 mi16, Holbein Gardens, Northampton, West Northamptonshire NN4 9XT4
£605K12/220.73 mi22, Lister Drive, Northampton, West Northamptonshire NN4 9XE4
£395K10/210.73 mi72, Gresham Drive, Northampton, Northamptonshire NN4 9SB4
£360K08/210.75 mi88, Gresham Drive, Northampton, Northamptonshire NN4 9SB4
£586.3K08/230.75 mi21, Ravens Croft, Northampton, West Northamptonshire NN4 0RL4
£300K10/210.76 mi12, Winchester Close, Northampton, Northamptonshire NN4 8BA4
£490K07/230.76 mi33, Lister Drive, Northampton, West Northamptonshire NN4 9XE4
£426K05/230.77 mi11, Hunsbury Hill Avenue, Northampton, West Northamptonshire NN4 8JQ4
£437K03/210.77 mi10, Hunsbury Hill Avenue, Northampton, Northamptonshire NN4 8JQ4
£327.5K01/210.79 mi8, Kimble Close, Northampton, Northamptonshire NN4 0RF4
£425K08/230.79 mi20, Wrekin Close, Northampton, West Northamptonshire NN4 8JL4
£352.5K06/210.8 mi6, Langley Close, Northampton, Northamptonshire NN4 8JX4
£420K12/220.8 mi4, Blackwell Hill, Northampton, West Northamptonshire NN4 9YB4

Local Area Statistics

Population in NN4

46,727

Population in Northampton

281,924

Town centre distance

1.74 miles away

Nearest school

0.30 miles away

Nearest train station

1.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £280,000

October 17, 2024

Floor Plans

Description

  • Four Bedroom Home +
  • NN4 Location +
  • Single Garage +
  • HMO Opportunity +
  • Ensuite To Master +
  • Enclosed Rear Garden +

This versatile four-bedroom end of terrace townhouse, situated in the highly sought-after NN4 area, is a fantastic investment opportunity. Currently operating as a fully licensed HMO (House in Multiple Occupation) with a license for 4 households and 5 persons, this property generates strong rental income potential. Alternatively, it can easily be transformed back into a spacious family home, offering ample space for a growing family in a prime location.

Key Features:

Four bedrooms split across three floors
Ground floor includes a WC, an integral garage, and an open-plan kitchen/diner, ideal for modern living
First floor features a generously sized lounge to the front (currently used as a bedroom), alongside another double bedroom
Top floor boasts three further bedrooms, including a master bedroom with an ensuite shower room, and a well-appointed family bathroom
Driveway with parking space for at least two cars
Enclosed rear garden, providing a private outdoor space
With easy access to local amenities, transport links, and schools, this property offers fantastic flexibility as both a high-yield buy-to-let investment and a comfortable family home. Don't miss the opportunity to view this adaptable property in NN4

Agent Details

haart, Northampton

01604 279693

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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