6 bedroom Mid Terrace House for sale,

Broadway, Kettering, Northamptonshire, NN15

There is also a communal kitchen/dining area, offering a shared space for food preparation and everyday dining, together with an additional communal room which offers further flexibility and could potentially be converted into a seventh letting room, subject to any necessary permissions, licensing requirements and compliance works.

Outside, the property benefits from a rear garden which residents are able to enjoy, providing useful additional outdoor space.

Overall, the property is presented in good condition throughout and offers an established, fully occupied investment with the benefit of an existing tenant base and income stream.

INVESTMENT FIGURES AND YIELD:

The property is available to purchase for £260,000 and currently generates the following income:

Asking price: £260,000

Weekly rental income: £670

Annual gross rental income: £34,840

Current occupancy: Six rooms, fully occupied

Gross rental yield: 13.4%

The rents are inclusive of bills, with the current owner responsible for the provision of council tax, gas, electricity, water and internet. The combined cost of these utilities and services is currently approximately £644 per calendar month (£7,728 per annum).

Allowing for these stated running costs, the indicative figures are:

Annual gross rental income: £34,840

Annual bills and utilities: £7,728

Income after stated bills: £27,112

Indicative yield after bills: 10.4%

This equates to approximately £521 per week after the stated bills, before allowing for any other ownership, management, maintenance, insurance, compliance, financing or taxation expenses.

The property therefore represents an attractive opportunity for an investor seeking a well-established HMO with an existing income stream, alongside the potential to explore further rental optimisation through the additional communal room.

LOCATION

The location is a particular advantage, with a range of local shops and everyday conveniences within easy walking distance, together with the wider shopping, leisure and dining facilities available in Kettering town centre. Kettering railway station is also conveniently accessible, providing useful connections for commuters and those travelling further afield.

This is an excellent opportunity to acquire an established, fully occupied HMO investment in a popular and convenient location, offering an attractive gross yield of approximately 13.4%, a yield of approximately 10.4% after the stated bills and potential to increase the accommodation provision.

For further information or to arrange a viewing, please contact Your Move Nolan Throw.

Please note:

All figures and financial information provided are believed to be correct to the best of our knowledge at the time of writing. They have been supplied in good faith but should be independently verified by prospective purchasers as part of their own due diligence.

Some images may have been digitally enhanced for marketing purposes. Any enhancements are intended to improve the visual presentation only and are not intended to alter the layout, design, proportions or actual appearance of the rooms or misrepresent the property in any way.