8 Bed HMO, Northampton, NN1 1EW, £530,000

1 Guildhall Road, Northampton, NN1 1EW - 44 views - 2 months ago

HMO
ROI: 8%
73 m²
+11 photos

ValuationOvervalued

Sold Prices£185K - £440K
Sold Prices/m²£1.5K/m² - £4.1K/m²

 

 

Square Metres

72.50 m²
Price/m²£7.3K/m²

Value Estimate

£144,302

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£132,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£165,200

 

 

Cash Out

 

Room Rate

£604

Gross Rent

£4,832

Running Costs/mo

£3,585

Cashflow/mo

£1,247

Cashflow/yr

£14,965

ROI

9%

Gross Yield

11%

Local Sold Prices

25 sold prices from £185K to £440K, average is £299K. £1.5K/m² to £4.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£392.5K10/230.08 mi22, Albion Place, Northampton, West Northamptonshire NN1 1UD4
£407K12/200.08 mi5, Albion Place, Northampton, Northamptonshire NN1 1UD4
£400K06/210.18 mi22, Hazelwood Road, Northampton, Northamptonshire NN1 1LN4
£240K08/210.45 mi69b, Victoria Road, Northampton, Northamptonshire NN1 5EQ4
£275K05/230.45 mi67b, Victoria Road, Northampton, West Northamptonshire NN1 5EQ4
£385K10/210.66 mi1, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£305K01/230.67 mi42, St James Park Road, Northampton, West Northamptonshire NN5 5DN4
£415K08/230.73 mi49, The Avenue, Cliftonville, Northampton, West Northamptonshire NN1 5BT4
£280K05/210.74 mi104, Lower Thrift Street, Northampton, Northamptonshire NN1 5HP4
£420K07/220.74 mi44, Berkeley Close, Northampton, West Northamptonshire NN1 5BJ4
£263K01/230.79 mi24, Forest Road, Northampton, West Northamptonshire NN4 8PA4
£275K12/230.8 mi24, Hester Street, Northampton, West Northamptonshire NN2 6AP4
£215K02/210.83 mi74, Towcester Road, Northampton, Northamptonshire NN4 8LQ4
£225K06/210.85 mi7, Old Scholars Close, Northampton, Northamptonshire NN5 5AZ4
£265K12/230.86 mi114, Colwyn Road, Northampton, West Northamptonshire NN1 3PX4
£395K06/220.86 mi71, Colwyn Road, Northampton, West Northamptonshire NN1 3PU4
£278.5K04/210.89 mi66, Adams Avenue, Northampton, Northamptonshire NN1 4LJ4
£206K09/230.9 mi58, Rothersthorpe Road, Northampton, West Northamptonshire NN4 8JB4
£265K01/240.92 mi86, Semilong Road, Northampton, West Northamptonshire NN2 6DF4
£385K01/230.93 mi14, St Georges Avenue, Northampton, West Northamptonshire NN2 6JA4
£317.5K01/210.93 mi88, Bostock Avenue, Northampton, Northamptonshire NN1 4LN4
£335K04/230.94 mi130, Towcester Road, Northampton, West Northamptonshire NN4 8LH4
£440K03/210.97 mi5, St Georges Avenue, Northampton, Northamptonshire NN2 6JA4
£299K11/210.99 mi89, Stimpson Avenue, Northampton, Northamptonshire NN1 4LR4
£185K05/211 mi5, Essex Street, Northampton, Northamptonshire NN2 6DR4

Local Area Statistics

Population in NN1

29,170

Population in Northampton

281,924

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+57%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £530,000

February 8, 2025

Listed for £550,000

January 31, 2025

Floor Plans

Description

Investment Opportunity .A rare opportunity to purchase a tenanted 8 bed HMO period property with current licence (WK/ ) on the prestigious Guildhall Road in the cultural quarter of Northampton Town Centre. We have been advised that current gross rent is £58,000. The property boasts character and features throughout. An ideal location with an array of shops & restaurants. Northampton General hospital and the University are only a short distance away. The accommodation itself comprises of two communal showers, two communal toilets and communal kitchen. To the lower ground floor is a bedroom with its own wood handcrafted kitchen and ensuite shower and toilet. The other 7 bedrooms in the property benefit from kitchenettes, To the rear of the property is a fully enclosed garden. Further benefits include feature windows with stained glass and gas central heating bringing together a unique investment.

Bedroom One -

Bedroom Two -

Lower Ground Floor -

Room Three -

Room Three Ensuite Shower -

Room Three Ensuite Toilet -

First Floor -

Bedroom Four -

Bedroom Five -

Shower Room -

Second Floor -

Wc -

Bedroom Six -

Kitchen -

Third Floor -

Shower Room -

Bedroom Seven -

Bedroom Eight -

Rear Garden -

Agent Details

Whites Estate Agents, Northampton

01604 279977

Next Steps?

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

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