Freehold Street, Northampton, NN2

The Property
Rare Opportunity to own a planing approved 6 bedroom HMO. 10.28% NET Yield.

This charming 4 storey HMO spans 1463.89 square feet of living space offering six double bedrooms, two bathrooms, lounge, utility room and modern kitchen which leads out onto the large private garden and patio.

This property is being offered with a 5-8 year social housing contract providers Mears and Serco.
Both firms are willing to offer a generous £36,000 per annum (£3,000PCM) net income, with all utilities, management and maintenance covered by Serco/Mears.
These companies have exclusive deals with government ministries, so all rent payments are backed by the UK government.
Rental will be guaranteed for duration of contract regardless of if there is voids in tenancy or not.

Serco will also obtain a HMO license on behalf of the investor as part of the rental agreement.

This property has the luxury of being one of the few planning approved HMO's in Northampton. Due to Article 4 being in place, no new HMO's are being granted permission in the city.
Any current HMO's without planning approval risk being served enforcement notices from the council even if they have a license. As a license doesn't change the legal usage class of the the property, only planning permission can grant this security.

This property is located in the perfect location for HMO in the city, 10 minutes away from both town centre and Northampton train station.
Local amenities are plentiful and the beautiful Racecourse park is just a 30 second walk away.

Don't miss out on this opportunity to acquire a turn key, recently renovated, high yielding, planning approved licensed HMO.

Property Description
Ground Floor
Hallway 1
Entry via hardwood door. Radiator. Stairs leading to basement level and first floor. doors into:
Landing

Bedroom One
12' 10" x 10' 5" (3.91m x 3.17m) Double glazed window to the front aspect. Radiator. Coving. Newly laid flooring.

Bedroom Two
11' 2" x 10' 6" (3.40m x 3.20m) Double glazed window to the rear aspect. Radiator. Newly laid flooring. Coving.

Kitchen
12' 6" x 7' 0" (3.81m x 2.13m) Modern kitchen suite comprising of a range of base and eye level units with work surfaces mounted over. Inset ceramic one and a half bowl sink and drainer unit with mixer tap over. Fitted electric oven. Fitted hob with extractor fan mounted over. Tiling to water sensitive areas. Double glazed windows to the side aspect. Door to the rear garden.

Patio area leading on to a pathway leading to the rear with a large lawn.

1st Floor
Bedroom Three
17' 0" x 105' 0" (5.18m x 32.00m) Two double glazed windows to the front aspect. Radiator. Newly fitted carpet.
Bedroom Four
11' 0" x 10' 6" (3.35m x 3.20m) Double glazed window to the rear aspect. Radiator. Built in wardrobe. Newly fitted carpet.
BathRoom
Three piece suite comprising: Low flush Wc. Vanity unit with sink over. Walk in shower with digital shower over. Obscured double glazed window to the rear aspect. Radiator. Built in storage cupboard.
Second Floor

Secon Floor
Bedroom Five
13' 8" x 12' 1" (4.17m x 3.68m) Double glazed window to the rear aspect. Electric radiator. Newly fitted carpet.

Lower Level
Hallway 2
Doors into:
Reception Room
12' 0" x 10' 4" (3.66m x 3.15m) Window to the front aspect. Radiator. Newly fitted carpet.
Bedroom Six
10' 5" x 9' 4" (3.17m x 2.84m) Double glazed window to the front aspect. Radiator. Newly fitted carpet.
Laundry Room
Work surface with space and plumbing for washing machine and tumble dryer.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.