Summary - 13 LUTTERWORTH ROAD NORTHAMPTON NN1 5JR
6 bed 3 bath Terraced
Income-producing Victorian HMO with 12% gross yield; needs renovation and damp repairs..
Licensed six-bedroom HMO generating approx. £43,000 pa
An established licensed six-bedroom Victorian mid-terrace on Lutterworth Road, offered freehold and trading as a successful HMO. Current income is circa £43,000 per year (around a 12% gross yield) with strong occupancy — a clear proposition for buy-to-let investors seeking immediate cash flow.
The house retains period features and offers practical communal spaces: an entrance hall, communal living room, kitchen/breakfast room with utility, ground-floor WC, six bedrooms and three bathrooms across approximately 1,711 sq ft. Heating is mains gas to radiators and much of the property benefits from partial double glazing.
Notable positives include the licensed HMO status, steady income, and front and rear gardens. The property’s central NN1 location gives excellent mobile signal and fast broadband — useful for student or professional sharers — and local schools and amenities are within easy reach.
Buyers should factor in visible maintenance needs: the exterior appears neglected and there are reported damp issues and general repair requirements. The building is solid-brick with no assumed wall insulation and double glazing dates from before 2002, so energy performance upgrades would be recommended. The area records above-average crime; prospective purchasers should consider management and security measures.
This is a practical investment for someone comfortable refurbishing a period HMO to improve yields and energy efficiency, or for a landlord seeking an immediately income-producing freehold in a busy rental market.
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