Super 6 Bed Pro HMO

Wellingborough Road, Rushden, NN10

REF 4574

  • INVESTMENT

    £275,000

  • GROSS YIELD

    13.67%

  • ANNUAL RENT

    £37,584

Super 6 Bed Pro HMO For Sale
For Sale
  • INVESTMENT

    £275,000

  • GROSS YIELD

    13.67%

  • ANNUAL RENT

    £37,584

  • REF

    4574

DESCRIPTION

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.

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Features

  • Fully Tenanted
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £275,000
  • Gross Annual Rent £37,584
  • Gross Monthly Rent £3,132
  • Gross Yield 13.67%
  • Net Monthly Rent £2,346
  • Net Yield 10.24%
  • Min 25% Deposit Requirement
  • Monthly Mortgage Payment*
  • Monthly Cashflow

*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.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

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.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1281 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Shared Bathrooms 3
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Mid-Terrace
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking None
  • Condition Excellent
  • No Parking Spaces
  • Heating Gas Central Heating
  • EPC Rating 61D
  • Size 1281 ft²
  • Listed Building No
  • Single 1
  • Kitchens 1
  • Double 5
  • Reception Rooms 1
  • Shared Bathrooms 3
  • Seperate WCs 1
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Photos

Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
Super 6 Bed Pro HMO For Sale
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VIRTUAL TOUR

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.

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Rental

  • Tenant Type
  • Professional
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy (AST)
  • No. of Tenants
  • 6
  • Unit 1
  • £455
  • Let
  • Single Room
  • Unit 2
  • £541
  • Let
  • Double Room
  • Unit 3
  • £541
  • Let
  • Double Room
  • Unit 4
  • £495
  • Let
  • Double Room
  • Unit 5
  • £550
  • Let
  • Double Room
  • Unit 6
  • £550
  • Let
  • Double Room
  • Total £3132
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Costs

  • Gas £113
  • Water £70
  • Wifi £55
  • Electric £113
  • Cleaner £200
  • TV Licence £14
  • Insurance £45
  • Council Tax £176
  • Gas £113
  • Water £70
  • Wifi £55
  • Electric £113
  • Cleaner £200
  • TV Licence £14
  • Insurance £45
  • Council Tax £176
  • Total £786
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LICENSING

  • HMO License Required Yes
  • HMO License Expiry 2029-09-03
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1500
  • Units of Accomodation 6
  • Licensing Authority North Northamptonshire Council
  • Planning Use Class C3
  • HMO License Required Yes
  • HMO License Expiry 2029-09-03
  • HMO License in Place Yes
  • No of Persons 6
  • HMO Licensing Cost £1500
  • Units of Accomodation 6
  • Licensing Authority North Northamptonshire Council
  • Planning Use Class C3
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Management

  • Type Self Managed
  • Management Rate 15%
  • Monthly Management £470

Successfully managed by established local agent

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FLOOR PLAN

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LOCATION

Wellingborough Road, Rushden, NN10 9TE, United Kingdom

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BROCHURE

Download the investment brochure
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To find out more or arrange a viewing regarding this HMO opportunity, feel free to get in touch.
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