Auction Property House Of Multiple Occupancy 

Essex Street, Northampton

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Features

  • Online Auction: 27 & 28 January 2021
  • Freehold four bedroom HMO
  • Income producing investment
  • Article 4 Location
  • Current gross income of £19,560 pa
  • Potential rental income of £24,450 pa
  • Gross yield of approx. 9.1%
  • Mid-terrace period property
  • On street parking
  • Approx. 10 mins walk to train station

Address

5 Essex StreetNorthamptonNorthamptonshireNN2 6DR
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Property Details

•For Sale By Online Auction: 27th & 28th January 2021
•Income producing residential investment
•Current gross rental income of £19,560
•Gross yield of approx. 9.1%
•Four bedroom HMO
•Potential for additional income from another bedroom

A four bedroom licensed HMO currently generating a rental income of £19,560 per annum.

There is the potential to create an additional bedroom (subject to licensing approval – currently being appealed).

The accommodation is arranged over ground and first floors, within a mid-terrace period property of traditional brick construction.

To the rear of the property there is an area of outside space and on street parking is available to the front of the property.

Northampton International Academy is situated 0.5 miles to the south east and is reachable in approximately 10 minutes on foot.

Floor Area

The gross internal floor area is 89m2 / 958 m2
(Measurement taken from EPC)

Investment Analysis

The property is currently generating a rental income of £19,560 pa, representing a gross yield of approx. 9.1% based on the guide price.

Tenure

Freehold

Services

We understand the property to have mains gas, electricity, water and drainage. Prospective purchasers are advised to make their own investigations.

Viewings

Viewings by appointment only from week commencing 4 January 2021. Please contact a member of John Pye Property on 0115 970 6060 or email [email protected] to arrange an appointment.

Location Map

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