6 Bed HMO, Northampton, NN1 3PU, £335,000

Colwyn Road, Northampton, NN1 3PU - 4 views - 2 months ago

Sold STC
HMO
ROI: 10%
~186 m²
+8 photos

ValuationUndervalued

Sold Prices£233.5K - £1.6M
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~186 m²
Price/m²£1.8K/m²

Value Estimate

£405,350
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Room Rate

£542

Gross Rent

£3,252

Running Costs/mo

£2,397

Cashflow/mo

£855

Cashflow/yr

£10,260

ROI

10%

Gross Yield

12%

Local Sold Prices

13 sold prices from £233.5K to £1.6M, average is £600K. £1.6K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£600K12/200.21 mi36, East Park Parade, Northampton, Northamptonshire NN1 4LB6
£300K11/200.6 mi101, Lower Thrift Street, Northampton, Northamptonshire NN1 5HP6
£600K09/230.63 mi417, Wellingborough Road, Northampton, West Northamptonshire NN1 4EY6
£700K04/210.67 mi431, Wellingborough Road, Northampton, Northamptonshire NN1 4EZ6
£522K12/221.25 mi291, Billing Road East, Northampton, West Northamptonshire NN3 3LG6
£775K04/211.73 mi3, Cotton Meadow, Northampton, West Northamptonshire NN5 5PP6
£233.5K08/232.16 mi18, Pitstone Road, Northampton, West Northamptonshire NN4 8TL6
£342.5K01/212.26 mi190, Obelisk Rise, Northampton, Northamptonshire NN2 8TX6
£495K09/232.32 mi1, Alfred Knight Close, Duston, Northampton, West Northamptonshire NN5 6FB6
£1.6M03/232.59 miPoachers Gap, Vyse Road, Boughton, Northampton, West Northamptonshire NN2 8RR6
£425K02/212.8 mi11, Upton Hall Lane, Upton, Northampton, Northamptonshire NN5 4DG6
£870K06/212.9 miStone Brigg, Butchers Lane, Boughton, Northampton, Northamptonshire NN2 8SL6
£775K06/232.97 mi5, Galane Close, Northampton, West Northamptonshire NN4 9YR6

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £335,000

January 29, 2025

Floor Plans

Description

Fantastic opportunity. Licenced six bedroom HMO, realistically priced, located in the Mounts close to Northampton Town Centre. This four storey property is arranged over Four Floors .Enter on the ground floor ,which has two generous bedrooms ,separate w.c and a kitchen/dining room which overlooks the Racecourse park .The First Floor has the living room to the rear , bathroom and a separate shower room .The Top Floor has two further bedrooms .The Lower Ground Floor Utility Room has natural light, secondary means of escape and the potential to create an ensuite shower room as it has an existing W/C. This area could easily become Bedroom 7 (subject to necessary consents) which would add an additional £7000 to the gross annual income . The property is currently under let with potential to increase to £39000 and with the extra Basement Room this would potentially be £46600. This house is an ideal investment.

Basement -

Storage Room - 4.44 x 3.23 (14'6" x 10'7") -

Utility Room - 4.44 x 3.50 (14'6" x 11'5") -

Ground Floor -

Bedroom 1 (Front) - 3.20 x 3.23 (10'5" x 10'7") -

Bedroom 2 (Rear) - 2.60 x 3.61 (8'6" x 11'10") -

Kitchen/Diner (Rear) - 2.90 x 6.99 (9'6" x 22'11") -

First Floor Bedroom 3 (Rear) - 2.60 x 3.61 (8'6" x 11'10") -

Bedroom 4 (Front) - 2.60 x 3.23 (8'6" x 10'7") -

Bathroom -

Sitting Room (Rear) - 2.90 x 5.13 (9'6" x 16'9") -

Second Floor Bedroom 5 (Rear) - 2.60 x 3.61 (8'6" x 11'10") -

Bedroom 6 (Front) - 4.40 x 3.23 (14'5" x 10'7") -

Agents Note - This property benefits from a current HMO licence for 6
5 Year Electrical Certificate
Gas Safety Certificate

Agent Details

Whites Estate Agents, Northampton

01604 279977

Next Steps?

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