North Street, Rushden, Northamptonshire
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- PROPERTY TYPE
Semi-Detached
- BEDROOMS
5
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Modern Comfort: Features five bedrooms and four bathrooms, including three en-suites, designed to meet modern living standards for tenants.
- Strategic Location: Located in Rushden, Northamptonshire, offering robust local employment opportunities and essential services for tenant convenience.
- Recreational Facilities: Proximity to local parks and recreational facilities enhances the quality of life for residents.
- Excellent Connectivity: Easy access to major cities through nearby roadways and Wellingborough railway station, ideal for commuters.
- Strong Financial Performance: Generates a total monthly income of £2,536.67, resulting in an annual income of £30,440.04 with a gross yield of 10.15%.
- Efficient Management: Total monthly expenditure of £806.57 leads to a net annual income of £20,761.20, reflecting prudent financial management.
- High Occupancy Rates: Supported by a thriving local economy, major employers, and the Rushden Lakes Shopping Centre, ensuring consistent demand for rental properties.
- Long-Term Investment Potential: Rushden’s advantageous location and ongoing development promise future capital appreciation and stable returns.
Description
Property Overview:
71 North Street, Rushden, NN10 6BU, offers an excellent investment opportunity within the HMO market. This property features five bedrooms and four bathrooms, including three en-suites, ensuring a high level of comfort for tenants. Each room is designed to meet modern living standards, making it an attractive option for renters.
Location and Amenities:
Situated in Rushden, Northamptonshire, this property benefits from a strategic location with robust local employment opportunities. It is well-served by essential services, enhancing tenant convenience. The presence of local parks and recreational facilities further enriches the quality of life for residents. The town’s advantageous position within Northamptonshire provides easy access to major cities, enhancing its appeal to tenants who work or study in these urban centers.
Income Breakdown (Monthly):
Room 1: £476.67
Room 2: £500.00
Room 3: £520.00
Room 4: £520.00
Room 5: £520.00
Total Monthly Income: £2,536.67
Annual Income: £30,440.04
Expenditure Breakdown (Monthly):
Electric & Gas: £189.44
Water: £71.00
Council Tax: £197.00
TV License: £14.13
Broadband: £36.00
Cleaner: £50.00
Management: £249.00
Total Monthly Expenditure: £806.57
Annual Expenditure: £9,678.84
Net Annual Income: £20,761.20 (calculated as Total Income - Total Expenditure)
Gross Yield: 10.15%
Commentary:
The room rates may vary slightly by the time of a completed purchase but are accurate at the time of listing. The running costs are accurate as of May 2024. Investors will need to consider their own cost of lending and management structure. The property's financial performance indicates a solid gross yield, reflecting its potential as a valuable investment. This financial summary does not account for potential vacancy periods or additional management costs not listed, which could impact net income and yield calculations.
Investment Highlights:
71 North Street presents a solid investment with substantial income potential. The total monthly rental income is £2,536.67, translating to an annual income of £30,440.04. The property’s expenditures, including utilities, council tax, cleaning, broadband, TV license, and management fees, total £806.57 monthly, leading to an annual expenditure of £9,678.84. Consequently, the net annual income is £20,761.20, reflecting a robust gross yield of 10.15%.
Investing in HMOs in Rushden offers strong returns and stable demand. The town’s transport network, including proximity to major roadways and the nearby Wellingborough railway station, ensures excellent connectivity. This ease of access makes it an ideal location for commuters. The local economy, supported by major employers and the Rushden Lakes Shopping Centre, ensures a steady demand for rental properties, driving high occupancy rates and stable rental incomes.
Investing in Houses in Multiple Occupation (HMOs) in Rushden, Northamptonshire, presents a compelling opportunity for property investors seeking strong returns and stable demand. Rushden offers a strategic location with excellent transportation links, robust local employment opportunities, and great access to major cities, all contributing to a thriving local economy.
Rushden's transport network is a significant advantage for potential investors. The town benefits from proximity to major roadways, including the A45 and A6, providing easy access to nearby cities such as Northampton, Bedford, and Milton Keynes. Furthermore, Wellingborough railway station, just a short drive away, offers direct train services to London St Pancras in under an hour, making it an ideal location for commuters.
The local economy in Rushden is bolstered by several large employers, ensuring a steady demand for rental properties. Notable companies in the area include Whitworths, a leading supplier of dried fruits, nuts, and seeds, and various logistics and manufacturing firms. The Rushden Lakes Shopping Centre, a major retail and leisure destination, also provides numerous employment opportunities, further driving demand for affordable, flexible housing solutions.
Rushden's advantageous position within Northamptonshire allows for great access to larger cities, enhancing its appeal for tenants who work or study in these urban centres. The town's affordable living costs compared to larger cities make it an attractive option for young professionals, families, and students, all of whom contribute to a diverse and stable tenant base.
The strength of the local economy is reflected in the consistent demand for rental properties, supported by a mix of local industries and excellent transport connections. This demand ensures high occupancy rates and stable rental incomes for HMO investors. Additionally, the ongoing development and investment in the area promise potential for future capital appreciation, making Rushden a smart long-term investment choice.
In summary, Rushden, Northamptonshire, offers a prime opportunity for HMO investments due to its robust transport network, significant local employers, excellent access to major cities, and a strong local economy. These factors combine to create a thriving rental market with high demand, ensuring attractive returns and long-term growth potential for investors.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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North Street, Rushden, Northamptonshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wellingborough Station3.4 miles
About the agent
The HMO Sales Expert is setting a new standard in the multi-unit property market by ensuring that all properties listed are valuation verified by one of the most experienced valuers in the UK. This launch not only marks an era of high compliance and accuracy in sales but promises off-market deals with no buyer fees—a complete game changer for investors and property professionals alike. All sales are exclusive to The HMO Sales Expert, guaranteeing unique access to properties that cannot be fou
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