Summary - 38 CHAUCER STREET NORTHAMPTON NN2 7HN
5 bed 3 bath Terraced
Established licensed HMO with strong income and scope for value-add investment..
Licensed five-bedroom HMO generating ~£38,000 pa (circa 12% gross yield)
Five bedrooms and three bathrooms with communal kitchen/living room
Enclosed rear garden; no garage; small plot and compact rooms
Gas central heating; partial double glazing installed before 2002
Freehold tenure; very low council tax band A
Higher-than-average local crime reported; urban terraced setting
Strong occupancy history; suitable as portfolio addition or standalone investment
Some HMO wear and limited glazing—refurbishment can boost rents
This licensed five-bedroom HMO on Chaucer Street offers a ready-made income stream and immediate rental appeal. Currently generating around £38,000 per year (circa 12% gross yield) with strong occupancy, it suits an investor seeking a turn-key HMO or an addition to a wider portfolio of established houses in the town.
The layout includes a communal kitchen/living room, three bathrooms and a well-maintained enclosed rear garden. Gas-fired central heating and partial double glazing are already in place, reducing short-term capital expenditure. The property is freehold and sits in a dense, city/major-town setting close to local amenities and good schools.
Buyers should note this is a compact terraced plot with an overall small footprint and mid/low ceiling room proportions. There is no garage and the property is on a street with above-average crime levels, factors that may affect appeal for some tenant types. Some windows are only partial double glazing and typical HMO wear is present — modernisation or targeted maintenance could increase rental value further.
For a landlord or investor focused on yield and occupancy rather than a large family residence, this property is a practical, income-producing opportunity with scope to add value through selective refurbishment and management efficiencies.
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