HMO Terraced House
GROSS RENT / YIELD
£14,040 / 9.4%
NET RENT / YIELD
£10,862 / 7.2%
Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla
The higher the yield the stronger the return on investment.
1 reception room
We are currently awaiting the AST for all 3 rooms but can provide room payment breakdown upon request.
Whilst the displayed financials below are market averages, these are the current running costs provided by the landlord:
Prices in NN16 have increased 36% over the last 5 years (+6% over the last 12 months) and are £156k which varies by property type (£85k for a 1-bed flat to £353k for a 5-bed detached property).
On average, there have been 42 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider Northampton NN postcode area are £215k (+1% over the last 12 months) and range between £110k for a 1-bed flat to £484k for a 5-bed detached property.
Rents in NN16 are now at £625 per month (-1% over the last 12 month).
On average, there have been 52 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 5.3% which is higher than the national average of 4.7% and higher than the wider Northampton NN postcode area of 4.3%.
This property is currently achieving a gross yield of 9.4% which is 44% higher than the area.
Source: REalyse - 16/04/2019
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
Kettering is a town in the county of Northamptonshire in the East Midlands. It is situated on the west side of the River Ise, around 67 miles north of London, 27 miles northwest of Peterborough and 15 miles northeast of Northampton.
This area is serviced by Kettering railway station which lies on the Midland Main Line and is managed by East Midland Trains. East Midland Trains operates a half-hourly service to London St Pancras and hourly to Nottingham via Leicester or to Corby. During peak times one Nottingham service continues to Lincoln via Newark and one Corby service on to Melton Mowbray.
In town there is a range of retail options centred around Newland Street, where one can find the market on one side and the Newlands Shopping Centre on the other. Newlands Shopping Centre has a collection of around 45 stores and services including some of the national favourites. Along the high street leading up to this shopping centre are an array of restaurants, pubs and bars for all of one’s dining needs.
The economy of Kettering is based on service and distribution industries due to its central location in the country and its great transport links. Kettering’s unemployment rate is amongst the lowest in the country with 80% of its adults in full-time employment. A wide range of companies run their operations from Kettering, including Aryzta, Pegasus Software, Weetabix and Morrisons Distribution to name a few. Kettering Business Park is a recent commercial property development which houses many office buildings as well as large distribution warehouses, which in turn created thousands of jobs in the local economy.
This location could be ideal for a young family seeking local educational options for their children. Primary schools in town include St Peter’s School, Park Road School and St Thomas More Catholic School, all of which are co-educational and educate children to the age of 11. For those looking for secondary school education there is Bishop Stopford School and Kettering Science Academy, both schools educate from the age of 3 all the way to 18.
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