Broadway, Kettering, Northamptonshire, NN15

** FULLY OCCUPIED SIX-BEDROOM HMO INVESTMENT – 13.4% GROSS YIELD – POTENTIAL FOR SEVEN ROOMS! **

Your Move Nolan Throw are delighted to offer for sale this attractive Victorian terraced property, currently operating as a fully occupied House in Multiple Occupation (HMO), providing an excellent opportunity for investors seeking an established income-producing property with immediate rental returns.

Ideally positioned within a highly convenient area of Kettering, the property is within comfortable walking distance of a variety of local conveniences, Kettering town centre and the railway station, making it an appealing location for tenants seeking easy access to local amenities and transport links.

The property is offered as an ongoing HMO investment, with all six letting rooms currently occupied and generating a combined rental income of £670 per week, equivalent to £34,840 per annum.

The accommodation is arranged to provide six individual letting rooms, two of which benefit from their own ensuite shower facilities. The remaining rooms are serviced by a communal bathroom and a separate communal shower room, providing practical facilities for residents.

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.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QKE260480/2