Corby, NN17 1RD | Investment Property for Sale | VES-NN17-001

Opportunity to purchase a HMO property in Corby with the potential to generate a net yield of 12.2%


HMO Terraced House




Based on

deposit: £72,500

stamp duty: £13,200

mortgage fees: £1,500

conveyancing fees: £1,000






The property





5 bedrooms

1 bathroom



Fully Furnished

Property information

  • Fully HMO licenced
  • The property was refurbished an converted from a 4-bed to a 5-bed HMO, see below for more info
  • Works were completed in July 2023
  • 5 x bedrooms
  • Shared bathroom
  • Separate WC
  • Shared kitchen
  • Front and rear garden
  • Garage
  • EPC rating C
  • Council tax band A
  • The property is managed by a third party

Refurbishment information

  • The property is in good condition structurally and only required modernisation. Works included:
  • New kitchen
  • New bathroom
  • Internal alterations
  • External maintenance, repairs and improvements
  • Front and rear garden improvements
  • All required certifications and approvals

Rental information

The property is advertised to let, with rooms filling up, the following rents are expected to be achieved once fully let:

  • Room 1 - £610 pcm
  • Room 2 - £610 pcm
  • Room 3 - £520 pcm
  • Room 4 - £610 pcm
  • Room 5 - £610 pcm
  • Total rent pcm: £ 2,960
  • Total rent pa: £ 35,520

Running costs

The vendor provided the following running costs for the property:

  • Council tax: £100 pcm
  • Gas: £100 pcm
  • Electricity: £100 pcm
  • Water: £50 pcm
  • Broadband: £25 pcm
  • Cleaner: £50 pcm
  • TV licence: £15 pcm
  • Total cost pcm: £440
  • Total cost pa: £5,280

Location information

  • The property is located just outside Corby town centre
  • The town centre is a 5-minute walk from the property
  • Corby railway station is 0.6 miles from the property
  • All local amenities can easily be reached on foot
  • Easy access to the A427 and the wider road network
  • Corby currently doesn't have any Article 4 restrictions, but the vendor believes this will change soon


Please note that Vesta has not visited this property and that the vendor has provided all material.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Corby, Northamptonshire

Corby is a town in Northamptonshire in England. It lies around 23 miles north-east of Northampton, 9 miles north of Kettering, 12 miles east of Market Harborough and around 26 miles from both Leicester and Peterborough.

Corby is well connected via road as it is located along the A43, A427, A6003 and is 6 miles from the A14 in Kettering. The A43 runs between Ardley to Stamford, the A427 runs between Markt Harborough to Oundle, the A6003 runs between Kettering and Oakham, and finally, the A14 runs from Catthorpe Interchange to the Port of Felixstowe.

Corby railway station operates half-hourly services to London St Pancras via Kettering and Wellingborough. A limited peak time service runs north to Oakham, Melton Mowbray, East Midlands Parkway and Derby.

There are a number of local attractions with something for everyone. These include Rockingham Castle, East Carlton Country Park, Corby Boating Lake, Kirby Hall, West Glebe Park, Deene Park, Corby Heritage Centre, and The Core at Corby Cube.

The town also offers a diverse and convenient shopping experience, whether you are looking for high-street brands, unique boutiques, or local markets. Corby town centre offers a mix of local businesses, independent boutiques, established brands, as well as cafes and eateries. Corby hosts regular markets that offer fresh produce, local crafts, and a vibrant atmosphere. Corby Market is a great place to discover unique items, as well as local produce. Willow Place Shopping Centre offers further retail opportunities, as do Phoenix Retail Park and Priory Retail Park.

Education in Corby is provided by a number of primary and secondary schools, both public and private. Notable schools include Lodge Park Academy, Corby Business Academy, and Brooke Weston Academy. For those seeking further education, Tresham College (part of The Bedford College Group) offers a variety of vocational and academic courses for students looking to enhance their skills or pursue higher education.

Corby has a rich industrial heritage, particularly in steel production, and has evolved into a diverse and thriving employment hub. While the steel industry remains a part of Corby's history, the town has diversified its economy over the years. Manufacturing and industrial sectors continue to provide job opportunities, with various companies operating in engineering, food production, and logistics. The retail sector contributes significantly to Corby's employment landscape, with positions available in shops, cafes, restaurants, and other service-oriented businesses. The healthcare and education sectors are also major employers in Corby, providing jobs in hospitals, clinics, schools, and colleges. As Corby continues to grow, there is an increasing presence of businesses in various sectors, including technology and professional services, offering employment opportunities for skilled professionals.

Cameron Court,




NN17 1RD

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