- A House in Multiple Occupation (HMO) in Far Cotton, Northampton
- Currently 4x lettable rooms over 2 floors bringing in £13,920 with the potential to increase.
- This HMO falls outside mandatory licensing (on the number of floors) and outside discretionary licensing (on area).
- It's in Far Cotton - a short walk from the new University Campus.
- Asking price of £164,995
The property offers a decent return already, but the passing rents of £290 per month are LOW in the current market. The property is tired, but with modest improvement it would be possible to get the rent to £350 per room (without really trying) - a 10% return.
