Summary - 56 CAMBRIDGE STREET NORTHAMPTON NN2 6DW
4 bed 1 bath Terraced
Immediate HMO income with scope to increase yields after modernisation.
Four-bedroom mid-terraced Victorian HMO producing £20,700 pa
A four-bedroom mid-terraced Victorian property currently arranged and let as an HMO, producing £20,700 per year. The house offers immediate income and is being sold chain-free via the Modern Method of Auction — suitable for investors seeking cashflow or buyers willing to refurbish for higher yields.
Accommodation is over two floors with a basement for storage and a small, low-maintenance rear garden. The layout includes a fitted kitchen, bathroom with WC and shower, plus an additional upstairs WC. One first-floor bedroom (Bedroom Two) has not yet been accessed, so its internal images and floorplan are pending.
Practical considerations are clear: the building is traditional solid-brick Victorian stock with no assumed internal wall insulation, double glazing installed prior to 2002, and mains gas central heating. The neighbourhood is an urban, private-renting area with higher crime rates and broader area deprivation indicators — factors that affect tenant profiles and management needs.
Important sale terms: the property is sold at auction with a Buyer Information Pack fee (£349 inc. VAT) and a non-refundable Reservation Fee of 4.5% (min £6,600) payable in addition to the purchase price. Completion is required within 56 days. Rents are currently reduced on rolling contracts to ensure a chain-free sale; restoring rents to market levels offers scope to increase rental yield but may require tenant transition and management work.
This is a straightforward, small-footprint investment with immediate rental income and clear scope for value uplift through re-letting at market rents and modest modernisation. Buyers should inspect in person, review the auction pack, and factor auction fees, potential refurbishment, and higher local management requirements into purchase calculations.
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