6 Bed HMO, Northampton, NN1 5EQ, £400,000

Victoria Road, Abington, Northampton NN1 5EQ - 7 views - 3 months ago

Sold STC
HMO
ROI: 6%
~186 m²
+12 photos

ValuationFair Value

Sold Prices£233.5K - £775K
Sold Prices/m²£1.6K/m² - £3.3K/m²

 

 

Square Metres

~186 m²
Price/m²£2.2K/m²

Value Estimate

£405,607

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£22,700

Total Cash In

£122,700

 

 

Cash Out

 

Room Rate

£559

Gross Rent

£3,354

Running Costs/mo

£2,643

Cashflow/mo

£711

Cashflow/yr

£8,533

ROI

7%

Gross Yield

10%

Local Sold Prices

11 sold prices from £233.5K to £775K, average is £522K. £1.6K/m² to £3.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£300K11/200.27 mi101, Lower Thrift Street, Northampton, Northamptonshire NN1 5HP6
£600K12/200.69 mi36, East Park Parade, Northampton, Northamptonshire NN1 4LB6
£600K09/230.82 mi417, Wellingborough Road, Northampton, West Northamptonshire NN1 4EY6
£700K04/210.91 mi431, Wellingborough Road, Northampton, Northamptonshire NN1 4EZ6
£522K12/221.15 mi291, Billing Road East, Northampton, West Northamptonshire NN3 3LG6
£775K04/211.78 mi3, Cotton Meadow, Northampton, West Northamptonshire NN5 5PP6
£233.5K08/231.9 mi18, Pitstone Road, Northampton, West Northamptonshire NN4 8TL6
£495K09/232.36 mi1, Alfred Knight Close, Duston, Northampton, West Northamptonshire NN5 6FB6
£775K06/232.64 mi5, Galane Close, Northampton, West Northamptonshire NN4 9YR6
£425K02/212.67 mi11, Upton Hall Lane, Upton, Northampton, Northamptonshire NN5 4DG6
£342.5K01/212.82 mi190, Obelisk Rise, Northampton, Northamptonshire NN2 8TX6

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £400,000

January 31, 2025

Listed for £425,000

January 10, 2025

Floor Plans

Description

  • Established HMO property in Abington +
  • Five rentable rooms +
  • Separate basement flat with shower room and kitchen +
  • Communal reception, kitchen and bathrooms +
  • Gas radiator heating +
  • Shared courtyard garden +

O'Riordan Bond is pleased to offer for sale this established HMO opportunity in Abington. In total there are five rentable rooms across three floors plus a self contained basement apartment with its own shower room and kitchen. The property also comprises a communal reception/sitting room, a communal kitchen/breakfast room and two communal bathroom/shower rooms. There is a well maintained courtyard garden with seating areas and a bin store. Further benefits include uPVC double and gas radiator heating.

The property is understood to be fully compliant including gas safety certificate, electrical installation report/certificate, EPC certificate, a recent fire inspection certificate including hard wired smoke and heat detectors (copies available on request.) (B/3700/S)

AGENTS NOTE - The property is currently fully licensed in the current owners name. Please be aware this is not transferrable and any prospective tenant will have to apply for a license. At the time of going to market - this property is fully occupied and achieves a yield in excess of 10%.

* TENURE - Freehold
* COUNCIL TAX BAND - B

Agent Details

O'Riordan Bond, Abington

01604 279653

Next Steps?

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