Ready-for-let investment near town centre and station, with upgrade potential.
Six bedrooms arranged as a licensed HMO, three storeys
Potential gross income approx £37,000 pa (~11% gross yield)
One bedroom with en-suite; communal bathroom and ground-floor shower
Large fitted kitchen/diner, communal sitting room and cellar
Gas central heating; part double glazing throughout
Solid brick walls likely uninsulated; energy upgrades may be needed
Small rear garden; typical mid-terrace room sizes
High-crime, inner-city area; HMO licence must be re-applied for
A substantial mid-terrace Victorian townhouse arranged and marketed as a six-bedroom HMO across three storeys. The property includes a large kitchen/diner, communal sitting room, ground-floor shower room, cellar and a small rear garden. One bedroom benefits from an en-suite; there are three bath/shower rooms in total.
Set within walking distance of Northampton town centre and the station, the house is currently licensed as an HMO and is presented as income-producing. The vendor’s figures indicate a potential gross annual income of about £37,000 (approx. 11% gross yield at the asking price), though any purchaser must apply for a new HMO licence after completion as licences do not transfer.
Practical details to note: heating is gas-boiler and radiators, glazing is partly double, and the property has solid brick walls (likely uninsulated). The property is in an inner-city, high-crime and deprived area, and some cosmetic upgrading and modernisation may be needed to maximise rental returns and attract higher-quality tenants.
This house suits an investor or landlord seeking immediate HMO income close to transport links, with scope to improve energy performance and interior finishes to increase long-term value. Buyers should budget for re-licensing, routine maintenance and potential retrofit work to walls and communal areas.
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