7 Bed HMO, Northampton, NN2 8NG, £370,000

Hinton Road, Northampton, NN2 8NG - 13 views - 2 months ago

Auction
HMO
Planning
ROI: 13%
~217 m²
+4 photos

ValuationUndervalued

Sold Prices£185K - £720K
Sold Prices/m²£2K/m² - £5.8K/m²

 

 

Square Metres

~217 m²
Price/m²£1.7K/m²

Value Estimate

£463,600
BMV22%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£92,500

Stamp Duty & Legal Fees

£19,100

Total Cash In

£111,600

 

 

Cash Out

 

Room Rate

£581

Gross Rent

£4,067

Running Costs/mo

£2,782

Cashflow/mo

£1,285

Cashflow/yr

£15,425

ROI

14%

Gross Yield

13%

Local Sold Prices

50 sold prices from £185K to £720K, average is £324.5K. £2K/m² to £5.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£470K08/230.03 mi5, Whitfield Way, Northampton, West Northamptonshire NN2 8LG4
£300K09/230.11 mi12, Bradden Close, Northampton, West Northamptonshire NN2 8NW4
£425K07/230.17 mi6, Isham Close, Northampton, West Northamptonshire NN2 7AQ4
£348.5K03/230.2 mi719, Obelisk Rise, Northampton, West Northamptonshire NN2 8TG4
£275K02/210.22 mi66, Hinton Road, Northampton, Northamptonshire NN2 8NX4
£380K02/210.22 mi34, Hinton Road, Northampton, Northamptonshire NN2 8NX4
£320K10/220.23 mi40, Yardley Drive, Northampton, West Northamptonshire NN2 8PE4
£310K12/200.23 mi50, Yardley Drive, Northampton, Northamptonshire NN2 8PE4
£280K03/210.27 mi178, Ruskin Road, Northampton, Northamptonshire NN2 7TA4
£328K02/210.31 mi98, Boughton Green Road, Northampton, Northamptonshire NN2 7SR4
£296K04/210.31 mi219, Reynard Way, Northampton, Northamptonshire NN2 8TL4
£350K08/210.32 mi542, Obelisk Rise, Northampton, Northamptonshire NN2 8SY4
£460K12/220.34 mi1, Reynard Way, Northampton, West Northamptonshire NN2 8QS4
£319K08/230.35 mi25, Reynard Way, Northampton, West Northamptonshire NN2 8QS4
£185K11/200.36 mi48, Chalcombe Road, Northampton, Northamptonshire NN2 8JE4
£372K05/210.37 mi31, Lockwood Close, Northampton, Northamptonshire NN2 7SS4
£360K03/240.44 mi53, Obelisk Rise, Northampton, West Northamptonshire NN2 8QT4
£190K04/210.45 mi44, Boughton Green Road, Northampton, Northamptonshire NN2 7SP4
£260K03/240.48 mi60, Holdenby Road, Northampton, West Northamptonshire NN2 7RX4
£380K03/230.49 mi8, Jackson Close, Northampton, West Northamptonshire NN2 8XF4
£260K06/230.49 mi14, Brockhall Road, Northampton, West Northamptonshire NN2 7RY4
£350K12/200.5 mi4, Jenner Crescent, Northampton, Northamptonshire NN2 8NB4
£355K09/210.51 mi39, Lynton Avenue, Northampton, Northamptonshire NN2 8LX4
£360K08/230.51 mi185, Obelisk Rise, Northampton, West Northamptonshire NN2 8TX4
£312K01/210.51 mi185, Obelisk Rise, Northampton, Northamptonshire NN2 8TX4
£342.5K11/230.52 mi27, Birch Barn Way, Northampton, West Northamptonshire NN2 8DT4
£375K09/230.53 mi74, Ash Rise, Northampton, West Northamptonshire NN2 8SB4
£275K10/210.53 mi22, Poachers Way, Northampton, West Northamptonshire NN2 8AY4
£270K06/210.57 mi15, Gorse Close, Northampton, West Northamptonshire NN2 8ED4
£290K10/200.57 mi227, Obelisk Rise, Northampton, Northamptonshire NN2 8UA4
£265K04/210.57 mi306, Obelisk Rise, Northampton, West Northamptonshire NN2 8TW4
£407.5K10/220.57 mi298, Obelisk Rise, Northampton, West Northamptonshire NN2 8TW4
£500K02/240.57 mi34, Tiverton Avenue, Northampton, West Northamptonshire NN2 8LY4
£340K07/230.58 mi28, Sandhills Road, Northampton, West Northamptonshire NN2 8ER4
£445K10/220.58 mi34a, Harborough Road North, Northampton, West Northamptonshire NN2 8LU4
£345K03/210.59 mi74, Barley Lane, Kingsthorpe, Northampton, West Northamptonshire NN2 8AX4
£390K03/230.64 mi55, Acre Lane, Northampton, West Northamptonshire NN2 8BG4
£286K02/210.66 mi4, Farm Close, Northampton, West Northamptonshire NN2 8AR4
£720K03/210.66 mi30, Tiverton Avenue, Northampton, Northamptonshire NN2 8LY4
£328K08/210.67 mi44, Acre Lane, Northampton, West Northamptonshire NN2 8BE4
£297K06/210.68 mi170, Welford Road, Northampton, Northamptonshire NN2 8AL4
£270K08/230.7 mi58, Greenhills Road, Northampton, West Northamptonshire NN2 8EF4
£350K01/210.71 mi16, Clover Lane, Northampton, Northamptonshire NN2 8BT4
£312.5K08/210.73 mi39, Fulford Drive, Northampton, West Northamptonshire NN2 7NX4
£292K02/210.73 mi43, Fulford Drive, Northampton, West Northamptonshire NN2 7NX4
£315K11/220.73 mi24, Foxgrove Avenue, Northampton, West Northamptonshire NN2 8HQ4
£368.5K10/220.73 mi12, Foxgrove Avenue, Northampton, West Northamptonshire NN2 8HQ4
£275K04/210.74 mi11, Heatherdale Way, Northampton, Northamptonshire NN2 7NY4
£295K02/210.74 mi5, Greenhills Road, Northampton, Northamptonshire NN2 8EL4
£321K08/230.75 mi41, Greenhills Road, Northampton, West Northamptonshire NN2 8EL4

Local Area Statistics

Population in NN2

36,861

Population in Northampton

281,924

Town centre distance

2.09 miles away

Nearest school

0.20 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+87%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £370,000

February 20, 2025

Listed for £380,000

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 +
  • SEVEN DOUBLE BEDROOMS +
  • FIVE EN-SUITES AND A SEPARATE BATHROOM +
  • OPEN PLAN KITCHEN/DINING ROOM AND A SEPARATE COMMUNAL LIVING ROOM +

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

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

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 

Open Plan Kitchen/ Dining Room 

Communal Living Room 

Bedroom 1 

En-Suite Shower Room 

Bedroom 2 

En-Suite Shower Room 

Bedroom 3 

En-Suite Shower Room 

First Floor Landing 

Bedroom 4 

En-Suite Shower Room 

Bedroom 5 

En-Suite Shower Room 

Bedroom 6 

Bedroom 7 

Bathroom 

Outside 

Front & 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 
E

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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