Occupying a popular residential position close to Northampton town centre, this substantial six-bedroom Victorian/Edwardian mid-terrace property extends to approximately 1,539 sq ft and presents an outstanding value-add opportunity for investors and developers. It was previously operated as a licensed HMO & the property retains many HMO features.

The property is offered with vacant possession, the property requires comprehensive refurbishment throughout but has the potential to generate a strong rental return once improved. The property retains many HMO features, including fire-compliant internal doors, offering excellent potential for reinstatement as a compliant House in Multiple Occupation, subject to the necessary consents and licensing.the property retains many HMO features, including fire-compliant internal doors, offering excellent potential for reinstatement as a compliant House in Multiple Occupation, subject to the necessary consents and licensing. Ideally located close to Northampton Railway Station, local amenities and major road links, the property previously achieved circa £25,000 per annum in rental income, representing an attractive 10% gross yield at the guide price.

Tenure

Freehold

ACCOMMODATION

BEDROOM ONE

Bay window to front elevation, carpet flooring, radiator & access to en-suite bathroom

KITCHEN

Double glazed UPVC windows to side aspect, wall & base level kitchen units, gas cooker with oven & extractor, fridge, stainless steel sink with tap, exposed boiler & access to cellar, side access to garden & rear bedroom

BEDROOM TWO

Double bedroom with bay window to rear aspect, small window to side & carpet flooring, bedroom accessed through kitchen

BEDROOM THREE

Double bedroom, double glazed UPVC windows to rear aspect, radiator & carpet flooring

BEDROOM FOUR

Double bedroom, windows to rear aspect, built in storage cupboard & carpet flooring

BEDROOM FIVE

Double bedroom with dual windows to front aspect, red carpets, long single paneled radiator, partial stone & shelving on side walls

BEDROOM SIX

Top floor double bedroom, windows to rear aspect, radiator, walk in wardrobe/ closet area in eaves with additional storage

BATHROOM

Window to side aspect, low level WC, hand wash basin & bathtub with shower

CELLAR & REAR GARDEN

Basement accessed through kitchen has washing appliances including washing machine & dryer, has electrics & access to rear garden. Paved slate patio areas, partially raised area for seating, large trees at the rear

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Northamptonshire County Council

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyers premium of £1,950 ex VAT (£2,340 inc VAT).

Administration Charge - The purchaser will be required to pay a buyers admin charge of £1,500 ex VAT (£1,800 inc VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.