5 Bed HMO, Northampton, NN2 8JY, £290,000

Aynho Crescent, Northampton, NN2 8JY - 8 views - 2 months ago

Auction
HMO
Planning
ROI: 11%
~178 m²

ValuationUndervalued

Sold Prices£235K - £1.2M
Sold Prices/m²£1.5K/m² - £6.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£360,000
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£85,200

 

 

Cash Out

 

Room Rate

£581

Gross Rent

£2,905

Running Costs/mo

£2,081

Cashflow/mo

£824

Cashflow/yr

£9,888

ROI

12%

Gross Yield

12%

Local Sold Prices

37 sold prices from £235K to £1.2M, average is £450K. £1.5K/m² to £6.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£317K10/200.45 mi22, Sutton Close, Northampton, Northamptonshire NN2 8PJ5
£237K09/210.55 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£237K09/210.55 mi46, Kingsland Avenue, Northampton, Northamptonshire NN2 7PP5
£450K01/210.55 mi139, Welford Road, Northampton, Northamptonshire NN2 8AJ5
£463K02/210.69 mi13, North Western Avenue, Northampton, Northamptonshire NN2 8HH5
£317.5K12/200.71 mi224, Obelisk Rise, Northampton, Northamptonshire NN2 8TW5
£710K01/210.9 miBrackendale, Vyse Road, Boughton, Northampton, Northamptonshire NN2 8SE5
£605K05/210.9 miApplegate, Vyse Road, Boughton, Northampton, Northamptonshire NN2 8SE5
£405K12/231.01 mi201, Sherwood Avenue, Northampton, West Northamptonshire NN2 8TB5
£375K12/231.02 mi76, Highlands Avenue, Northampton, West Northamptonshire NN3 6BQ5
£755K05/211.11 mi18, Church Street, Boughton, Northampton, Northamptonshire NN2 8SF5
£586K03/231.21 mi357, Kettering Road, Northampton, West Northamptonshire NN3 6QT5
£1.2M12/221.22 miGlen Cottage, Butchers Lane, Boughton, Northampton, West Northamptonshire NN2 8SH5
£385K06/211.25 mi28, Spinney Hill Road, Northampton, Northamptonshire NN3 6DJ5
£330K04/241.34 mi82, Kingsley Road, Northampton, West Northamptonshire NN2 7BL5
£515K04/211.37 mi41, St Matthews Parade, Northampton, Northamptonshire NN2 7HE5
£403K09/231.43 mi95, Park Avenue North, Northampton, West Northamptonshire NN3 2HX5
£424K06/211.54 mi23, Langham Place, Northampton, Northamptonshire NN2 6AA5
£590K08/231.6 mi70, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£464K02/211.6 mi56, Park Avenue North, Northampton, Northamptonshire NN3 2JE5
£523K09/231.6 mi34, Park Avenue North, Northampton, West Northamptonshire NN3 2JE5
£350K03/211.62 mi45, Holly Road, Northampton, West Northamptonshire NN1 4QL5
£320K03/211.64 mi67, Colwyn Road, Northampton, Northamptonshire NN1 3PU5
£545K08/231.65 mi27, Park Avenue North, Northampton, West Northamptonshire NN3 2HT5
£580K02/211.71 mi20, Park Avenue North, Northampton, Northamptonshire NN3 2HS5
£630K05/231.71 mi10, Woodland Avenue, Northampton, West Northamptonshire NN3 2BY5
£410K01/211.72 mi221, Abington Avenue, Northampton, Northamptonshire NN1 4PU5
£235K02/211.73 mi32, Fullingdale Road, Northampton, Northamptonshire NN3 2QA5
£355K07/231.75 mi49, Manning Road, Moulton, Northampton, West Northamptonshire NN3 7HJ5
£630K12/201.85 mi9, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£595.9K03/211.85 mi10, Hamlet Green, Northampton, West Northamptonshire NN5 7AR5
£625K06/211.85 mi12, Hamlet Green, Northampton, Northamptonshire NN5 7AR5
£280K12/231.88 mi128, Artizan Road, Northampton, West Northamptonshire NN1 4HS5
£280K04/241.9 mi16, Booth Rise, Northampton, West Northamptonshire NN3 6HR5
£305K12/211.95 mi232, The Headlands, Northampton, Northamptonshire NN3 2NT5
£650K01/231.98 mi3, Silverwell Close, Moulton, Northampton, West Northamptonshire NN3 7BT5
£475K05/232 mi40, Kendal Close, Northampton, West Northamptonshire NN3 6WJ5

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

2.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £290,000

February 20, 2025

Listed for £300,000

January 31, 2025

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • CALLING ALL INVESTORS +
  • POTENTIAL HMO SUBJECT TO GAINING THE CORRECT PLANNING PERMISSION +
  • FIVE DOUBLE BEDROOMS, TWO WITH AN EN-SUITE SHOWER ROOMS +
  • SEPARATE SHOWER ROOM +
  • KITCHEN AND SEPARATE COMMUNAL LIVING/DINING ROOM +

SUMMARY
CALLING ALL INVESTORS - Offered with NO UPWARD CHAIN is this potential HMO subject to gaining the correct planning permission. The property offers a communal living/dining room, kitchen, five double bedrooms, two with an en-suites and a separate shower room.

DESCRIPTION
CALLING ALL INVESTORS - Offered with NO UPWARD CHAIN is this potential HMO subject to gaining the correct planning permission. The property offers a communal living/dining room, kitchen, five double bedrooms, two with an en-suites and a separate shower room.

Information has been correlated from spareroom.com to confirm that a double room in Northampton, with an en-suite rents for £550 - £600 PCM, and a double room with no en-suite rents for £450 - £550 PCM. It is recommended that any interested parties contacts a lettings agent specialising in room only lets, to confirm the information supplied is correct.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 

Communal Living/ Dining Room 

Kitchen 

Bedroom 1 

En-Suite Shower Room 

Bedroom 2 

First Floor Landing 

Bedroom 3 

En-Suite Shower Room 

Bedroom 4 

Bedroom 5 

Shower Room 

Outside 

Driveway & Rear Garden 

Agents Note 
Information has been correlated from spareroom.com to confirm that a double room in Northampton, with an en-suite rents for £550 - £600 PCM, and a double room with no en-suite rents for £450 - £550 PCM. It is recommended that any interested parties contacts a lettings agent specialising in room only lets, to confirm the information supplied is correct.

Council Tax Band 
B

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Kingsthorpe

01604 279731

Next Steps?

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