Super 6 Bed Pro HMO
Wellingborough Road, Rushden, NN10
REF 4574
-
INVESTMENT
£275,000
-
GROSS YIELD
13.67%
-
ANNUAL RENT
£37,584
For Sale
REF 4574
INVESTMENT
£275,000
GROSS YIELD
13.67%
ANNUAL RENT
£37,584
This fully tenanted HMO property at Wellingborough Road in Rushden presents an excellent investment opportunity, offering a gross rental income of £3,132 per month and an annual rental income of £37,584. With a net yield of 10.24%, this property demonstrates strong financial potential.
The six-bedroom property is fully let under assured shorthold tenancies (AST), with a professional tenant base ensuring a stable and consistent income stream. The property is self-managed, with an operating cost of £786 per month, including utilities and council tax.
The HMO licence is in place and valid until 2029, covering occupancy for six tenants.
The property is a well-maintained, mid-terrace freehold house constructed with brick and tile, offering gas central heating and full double glazing. Inside, there are six spacious units, including one single room and five double rooms, spread across two storeys. The communal areas include a fully equipped kitchen, a shared reception room, and three shared bathrooms. A separate WC is also available.
The property benefits from modern features, including full WiFi access. While there is no garage or off-road parking, the property offers a private rear garden, which adds to the communal space for tenants.
The overall condition of the property is excellent, making it a low-maintenance investment.
Situated on Wellingborough Road, Rushden, NN10, the property is located in a well-connected area in North Northamptonshire.
The town of Rushden offers a wide range of local amenities, including shops, restaurants, and leisure facilities, making it a desirable place to live for professionals.
Good transport links are available, with easy access to nearby towns like Wellingborough and Bedford, and the major motorway network ensures convenient commuting options.
*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.
The fee charged to the buyer in addition to the purchase price.
The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £275,000.
Use the most immersive way to experience a property online. Take a virtual tour.
Use the most immersive way to experience a property online. Take a virtual tour.
Successfully managed by established local agent
