Potential 4-Bed HMO, Northampton, NN1 3EP, £220,000

Oakley Street, Northampton, Northamptonshire, NN1 3EP - 32 views - 5 months ago

HMO
ROI: 12%
~93 m²
+2 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Room Rate

£559

Gross Rent

£2,236

Running Costs/mo

£1,608

Cashflow/mo

£628

Cashflow/yr

£7,536

ROI

12%

Gross Yield

12%













Property History

Listed for £220,000

November 19, 2024

Sold for £124,995

2014

Sold for £107,500

2009

Sold for £95,000

2003

Sold for £31,250

1995

Floor Plans

Description

  • Current HMO +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Bathroom +
  • Garden +
  • Gas Fired Heating +
  • EPC Rating 'D'

Council Tax Band 'A' +

A three bedroom HMO located in the Mounts area of Northampton. The current HMO licence expires in January 2025 and the current owners have submitted an application to renew the licence.
The accommodation comprises of two reception rooms on the ground floor, where the front reception is utilised as a bedroom. A communal lounge/dining area has doors that lead out to the rear garden and an opening that ledas into the kitchen. From the kitchen a door leads to the three piece bathroom suite.
On the first floor there are three further bedrooms, two of which are rented out. The bedroom at the rear is currently not utilised as a bedroom.

Externally to the rear there is a small enclosed rear garden.

Current room rents are
Room 1 = £500PCM
Room 2 (double occupancy)= £700PCM
Room 3 =£508PCM

Council tax band 'A'
EPC band 'D'

Agent Details

Winkworth, Northampton

01604 204455

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.