HMO in Northamptonshire

Property Details

• 4-bedroom end-terrace house
• HMO conversion opportunity
• Approx. 105 m² internal floor area
• Traditional brick construction
• Existing family bathroom plus separate downstairs WC (potential for 2-bathroom HMO layout)
• EPC Rating: D
• Freehold
• Suitable for conversion to a 5-bedroom professional HMO (subject to licensing/compliance)
• Located outside the current Corby Article 4 Direction area
• Excellent value-add opportunity through refurbishment and HMO conversion
• Strong local tenant demand from professionals, NHS staff and local employers

Financials

• Target purchase price: £160,000
• Purchase costs: £14,050 - include: SDLT: £8,700, legal fees: £2,000, sourcing fee: £3,000, insurance: £350
• Estimated refurbishment & conversion costs: £49,500
• Total project cost (before finance): £228,900
• Interest-only mortgage (5%): £813 PCM / £9,756 PA
• Estimated gross rental income: Approx. £2,650 PCM / £31,800 PA
• Net cash flow: £1,098 PCM / £13,170 PA
• Gross yield: 12%
• ROCE: 35%
• Estimated specialist HMO/commercial valuation: £250,000+, subject to achieving a high-quality finish, full HMO compliance and valuation by a specialist lender
• Investment strategy: Buy, refurbish, refinance and hold (BRRR) as a high-yield professional HMO.

For further details or to invest please contact.