6 bedroom Mid Terrace House for sale,

Broadway, Kettering, Northamptonshire, NN15

Residents also have access to a communal kitchen/dining area, providing a practical shared space for food preparation and everyday dining. In addition, there is a further communal room which offers flexibility and the potential to explore conversion into a seventh letting room, subject to any necessary planning permissions, HMO licensing requirements, fire safety provisions and other relevant compliance works.

Outside, the property benefits from a rear garden which provides useful additional outdoor space for residents to enjoy.

The property is presented in good condition throughout and offers an established investment with the benefit of full occupancy and an existing rental income stream from day one, subject to the continuation of the current tenancies.

INVESTMENT FIGURES AND YIELD

The property is being offered for sale at £280,000, with the current rental income and stated running costs providing the following indicative figures:

Asking price: £280,000

Weekly rental income: £710

Annual gross rental income: £36,920

Current occupancy: Six rooms, fully occupied

Gross rental yield: approximately 13.2%

The rental income is inclusive of bills, with the current owner responsible for the associated utilities and services. These costs are currently approximately £568.86 per calendar month (£6,826.32 per annum).

After deducting these stated bills, the indicative figures are:

Annual gross rental income: £36,920

Annual bills and utilities: £6,826.32

Annual income after stated bills: £30,093.68

Indicative yield after stated bills: approximately 10.75%

This equates to approximately £578.72 per week after the stated bills. These figures provide an illustration of the property's current income potential, before allowing for any other ownership, management, maintenance, insurance, licensing, compliance, financing or taxation expenses.

LOCATION

The property enjoys a convenient position within Kettering, with local shops and everyday amenities within easy walking distance. The town centre offers a wider selection of shopping, dining and leisure facilities, while Kettering railway station is also readily accessible, providing useful connections for commuters and those travelling further afield.

OVERALL

Combining a substantial Victorian property, six currently occupied letting rooms, an established rental income and the potential to explore a seventh room, this is an appealing HMO investment opportunity. With an approximate gross yield of 13.2% and an indicative yield of 10.75% after the stated bills, it offers prospective purchasers the opportunity to acquire an income-producing property in a convenient Kettering location.

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.

The yield figures are illustrative calculations based on the asking price, stated rental income and current bills. The yield after bills deducts only the stated utility and service costs and should not be regarded as a net return or profit figure. No allowance has been made for other ownership, management, maintenance, insurance, licensing, compliance, financing or taxation expenses. Prospective purchasers should also make their own enquiries regarding the property's HMO licence, permitted occupancy, fire safety provisions and any requirements associated with the potential conversion of the additional communal room.

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.