5 Bed HMO, Northampton, NN2 7HU, £309,995

Moore Street, Poets Corner, Northampton, Northamptonshire, NN2 7HU - 5 views - 5 months ago

Sold STC
HMO
ROI: 9%
~178 m²
+2 photos

ValuationUndervalued

Sold Prices£235K - £875K
Sold Prices/m²£1.5K/m² - £4.8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.7K/m²

Value Estimate

£371,994
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,499

Stamp Duty & Legal Fees

£13,500

Total Cash In

£90,998

 

 

Cash Out

 

Room Rate

£560

Gross Rent

£2,800

Running Costs/mo

£2,127

Cashflow/mo

£673

Cashflow/yr

£8,081

ROI

9%

Gross Yield

11%

Local Sold Prices

43 sold prices from £235K to £875K, average is £445K. £1.5K/m² to £4.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£515K04/210.12 mi41, St Matthews Parade, Northampton, Northamptonshire NN2 7HE5
£403K09/230.26 mi95, Park Avenue North, Northampton, West Northamptonshire NN3 2HX5
£330K04/240.27 mi82, Kingsley Road, Northampton, West Northamptonshire NN2 7BL5
£590K08/230.34 mi70, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£464K02/210.34 mi56, Park Avenue North, Northampton, Northamptonshire NN3 2JE5
£523K09/230.34 mi34, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£545K08/230.37 mi27, Park Avenue North, Northampton, West Northamptonshire NN3 2HT5
£410K01/210.42 mi221, Abington Avenue, Northampton, Northamptonshire NN1 4PU5
£580K02/210.42 mi20, Park Avenue North, Northampton, Northamptonshire NN3 2HS5
£630K05/230.44 mi10, Woodland Avenue, Northampton, West Northamptonshire NN3 2BY5
£350K03/210.46 mi45, Holly Road, Northampton, West Northamptonshire NN1 4QL5
£320K03/210.63 mi67, Colwyn Road, Northampton, Northamptonshire NN1 3PU5
£586K03/230.7 mi357, Kettering Road, Northampton, West Northamptonshire NN3 6QT5
£280K12/230.73 mi128, Artizan Road, Northampton, West Northamptonshire NN1 4HS5
£235K02/210.74 mi32, Fullingdale Road, Northampton, Northamptonshire NN3 2QA5
£620K06/220.79 mi36, Christchurch Road, Northampton, West Northamptonshire NN1 5LN5
£588K03/240.8 mi20, Christchurch Road, Northampton, West Northamptonshire NN1 5LN5
£375K12/230.85 mi76, Highlands Avenue, Northampton, West Northamptonshire NN3 6BQ5
£424K06/210.99 mi23, Langham Place, Northampton, Northamptonshire NN2 6AA5
£237K09/211.03 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£237K09/211.03 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£385K06/211.05 mi28, Spinney Hill Road, Northampton, Northamptonshire NN3 6DJ5
£875K08/231.05 mi4, Park Avenue South, Northampton, West Northamptonshire NN3 3AA5
£425K05/211.09 mi24, Weston Way, Northampton, West Northamptonshire NN3 3BL5
£435K03/211.1 mi9, Filleigh Way, Northampton, Northamptonshire NN3 3LZ5
£600K12/221.14 mi202, Billing Road, Northampton, West Northamptonshire NN1 5RX5
£305K12/211.16 mi232, The Headlands, Northampton, Northamptonshire NN3 2NT5
£856K09/211.37 miOrchard House, 73, High Street, Weston Favell, Northampton, West Northamptonshire NN3 3JX5
£640K12/211.39 mi22, Watersmeet, Northampton, West Northamptonshire NN1 5SG5
£355K10/201.39 mi18, Watersmeet, Northampton, Northamptonshire NN1 5SG5
£390K05/231.45 mi47, Ashley Way, Northampton, West Northamptonshire NN3 3DZ5
£485K02/211.45 mi68, Tanfield Lane, Northampton, Northamptonshire NN1 5RN5
£450K01/211.49 mi139, Welford Road, Northampton, Northamptonshire NN2 8AJ5
£475K05/231.5 mi40, Kendal Close, Northampton, West Northamptonshire NN3 6WJ5
£317K10/201.51 mi22, Sutton Close, Northampton, Northamptonshire NN2 8PJ5
£463K02/211.67 mi13, North Western Avenue, Northampton, Northamptonshire NN2 8HH5
£280K04/241.78 mi16, Booth Rise, Northampton, West Northamptonshire NN3 6HR5
£355K07/231.86 mi49, Manning Road, Moulton, Northampton, West Northamptonshire NN3 7HJ5
£317.5K12/201.93 mi224, Obelisk Rise, Northampton, Northamptonshire NN2 8TW5
£630K12/201.99 mi9, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£595.9K03/212 mi10, Hamlet Green, Northampton, West Northamptonshire NN5 7AR5
£625K06/212 mi12, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£445K08/212 mi4, Belvedere Close, Northampton, Northamptonshire NN5 7DW5

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

1.05 miles away

Nearest school

0.20 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £309,995

October 23, 2024

Sold for £185,000

2016

Description

  • INVESTORS ONLY +
  • Five Bedrooms +
  • Licensed HMO +
  • Four Rooms Occupied +
  • Four En Suite Rooms +
  • Beautifully Presented +
  • £33600 Annual Income +

A five bedroom, five bathroom mid-terraced HMO* (House In Multiple Occupation) with a current annual income of £33600 when all rooms are occupied.

The marketed income is as follows:-
Room 1 £520
Room 2 £585
Room 3 £585
Room 4 £510
Room 6 £600
TOTAL RENT = £2800.00PCM

The property boasts a spacious entrance hall and modern kitchen. Four out of the five bedrooms have en suites, with the 5th bedroom having access to the communal bathroom.

AGENTS NOTE - BRAND NEW INSTRUCTION - Please note this property is new to the market, Professional HD Virtual Tour and Floorplan to follow.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QKI240233/2

Agent Details

YOUR MOVE Nolan Throw, Abington

01604 279792

Next Steps?

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

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