4 Bed HMO, Northampton, NN1 3QD, £235,000

Hunter Street, Northampton, NN1 3QD - 21 views - 2 months ago

Sold STC
HMO
ROI: 9%
~129 m²
+4 photos

ValuationUndervalued

Sold Prices£183K - £440K
Sold Prices/m²£1.5K/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.8K/m²

Value Estimate

£291,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£8,250

Total Cash In

£67,000

 

 

Cash Out

 

Room Rate

£543

Gross Rent

£2,172

Running Costs/mo

£1,646

Cashflow/mo

£526

Cashflow/yr

£6,316

ROI

9%

Gross Yield

11%

Local Sold Prices

50 sold prices from £183K to £440K, average is £313.9K. £1.5K/m² to £4.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£395K06/220.22 mi71, Colwyn Road, Northampton, West Northamptonshire NN1 3PU4
£265K12/230.23 mi114, Colwyn Road, Northampton, West Northamptonshire NN1 3PX4
£440K03/210.42 mi5, St Georges Avenue, Northampton, Northamptonshire NN2 6JA4
£385K01/230.44 mi14, St Georges Avenue, Northampton, West Northamptonshire NN2 6JA4
£278.5K04/210.44 mi66, Adams Avenue, Northampton, Northamptonshire NN1 4LJ4
£240K08/210.44 mi69b, Victoria Road, Northampton, Northamptonshire NN1 5EQ4
£275K05/230.44 mi67b, Victoria Road, Northampton, West Northamptonshire NN1 5EQ4
£275K12/230.46 mi24, Hester Street, Northampton, West Northamptonshire NN2 6AP4
£317.5K01/210.48 mi88, Bostock Avenue, Northampton, Northamptonshire NN1 4LN4
£187K10/230.48 mi24, Freehold Street, Northampton, West Northamptonshire NN2 6EW4
£400K06/210.53 mi22, Hazelwood Road, Northampton, Northamptonshire NN1 1LN4
£299K11/210.53 mi89, Stimpson Avenue, Northampton, Northamptonshire NN1 4LR4
£310K01/230.55 mi83, Holly Road, Northampton, West Northamptonshire NN1 4QN4
£265K01/240.56 mi86, Semilong Road, Northampton, West Northamptonshire NN2 6DF4
£280K05/210.57 mi104, Lower Thrift Street, Northampton, Northamptonshire NN1 5HP4
£360K02/210.58 mi52, Homestead Way, Northampton, Northamptonshire NN2 6JG4
£183K02/230.59 mi14, St Pauls Road, Northampton, West Northamptonshire NN2 6ES4
£280K05/230.59 mi134, Abington Avenue, Northampton, West Northamptonshire NN1 4PD4
£420K07/220.59 mi104, Adnitt Road, Northampton, West Northamptonshire NN1 4NG4
£392.5K10/230.63 mi22, Albion Place, Northampton, West Northamptonshire NN1 1UD4
£407K12/200.63 mi5, Albion Place, Northampton, Northamptonshire NN1 1UD4
£250K10/230.63 mi43, Brockton Street, Northampton, West Northamptonshire NN2 6EQ4
£235K10/210.64 mi13, Allen Road, Northampton, West Northamptonshire NN1 4NB4
£185K05/210.65 mi5, Essex Street, Northampton, Northamptonshire NN2 6DR4
£200K01/230.65 mi73, Essex Street, Northampton, West Northamptonshire NN2 6DR4
£385K10/210.65 mi1, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£250K08/230.66 mi155, Adnitt Road, Northampton, West Northamptonshire NN1 4NH4
£275K04/230.66 mi18, Balfour Road, Northampton, West Northamptonshire NN2 6JR4
£336K06/210.68 mi39, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£370K05/210.68 mi37, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£350K06/210.68 mi53, Birchfield Road, Northampton, Northamptonshire NN1 4RF4
£420K07/220.68 mi44, Berkeley Close, Northampton, West Northamptonshire NN1 5BJ4
£350K12/200.68 mi26, Birchfield Road, Northampton, Northamptonshire NN1 4RE4
£230K04/230.7 mi27, Milton Street, Northampton, West Northamptonshire NN2 7JG4
£252K02/240.71 mi14, Covington Street, Northampton, West Northamptonshire NN1 5JU4
£190K03/210.72 mi56, Milton Street, Northampton, Northamptonshire NN2 7JF4
£415K08/230.74 mi49, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£343K11/200.75 mi170, Kingsley Road, Northampton, Northamptonshire NN2 7BX4
£325K02/210.8 mi97, Birchfield Road, Northampton, Northamptonshire NN1 4RG4
£313.7K04/230.81 mi17, Lutterworth Road, Northampton, West Northamptonshire NN1 5JR4
£375K06/230.81 mi36, Broadway, Northampton, West Northamptonshire NN1 4SF4
£352.5K12/220.82 mi11, Clarence Avenue, Northampton, West Northamptonshire NN2 6NX4
£212.5K02/210.82 mi20, Moore Street, Northampton, Northamptonshire NN2 7HX4
£305K04/210.82 mi40, Lutterworth Road, Northampton, Northamptonshire NN1 5JW4
£375K08/210.84 mi127, Billing Road, Northampton, Northamptonshire NN1 5RR4
£360K12/200.84 mi133, Billing Road, Northampton, Northamptonshire NN1 5RR4
£440K03/240.84 mi157, Billing Road, Northampton, West Northamptonshire NN1 5RR4
£314K04/210.84 mi157, Billing Road, Northampton, West Northamptonshire NN1 5RR4
£340K07/210.85 mi20, Clarence Avenue, Northampton, Northamptonshire NN2 6NZ4
£245K06/210.85 mi3, Oakwood Road, Northampton, West Northamptonshire NN1 4SX4

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £235,000

January 28, 2025

Floor Plans

Description

  • Four Bedroom HMO +
  • Investment Opportunity +
  • Well Presented Throughout +
  • Cellar +
  • Walking Distance For Town Centre & Hospital +
  • Double Glazing & Gas Radiator Heating Throughout +
  • Annual Income of £26,040 +
  • No Upward Chain +

* HMO Investment Opportunity* Edward Knight Estate Agents are delighted to offer to the market this excellent four bedroom mid terrace property in The Mounts area of Northampton. The property is ideally located for shops, bus routes, parks, town centre. In brief the property comprises: entrance hall, one bedroom, communal area, kitchen and bathroom. To the first floor, landing, three further bedrooms. This excellent investment opportunity is currently fully let and achieves a total annual gross income of £26,040.

Agent Details

Edward Knight Estate Agents, Northampton

01604 279208

Next Steps?

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