Wellingborough, NN8 3HF | Investment Property for Sale | VES-NN8-001

Opportunity to purchase a terraced house HMO in Wellingborough generating £16,120 & a gross yield of 7.7%

£210,000

HMO Terraced House

VES-NN8-001

INITIAL INVESTMENT

£95,160

GROSS RENT / YIELD

£16,120 / 7.7%

NET RENT / YIELD

£12,545 / 6.0%

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

1 reception room

1,092

Unfurnished

Property details:

  • Fully let 4-bedroom HMO

  • EPC band C

  • Achieving an annual gross rent of £16,120

    • Room 1 rent £80/week
    • Room 2 rent £80/week
    • Room 3 rent £90/week
    • Room 4 rent £60/week
  • Shared kithcen and living room

  • This property is also part of a 11-unit portfolio but can be sold separately

Whilst the displayed financials below are market averages, these are the current annual running costs provided by the landlord.

Running costs:

  • Council tax: £1,100
  • Water bill: £550
  • Gas & electricity bills: £1,200
  • Virgin Wi-Fi bill: £360
  • Maintenance: £500
  • Total pa: £3,710
  • Total pcm: £309.17

Please contact us for a bespoke financial analysis.

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

Vesta is also awaiting the tenancy agreements and will update the listing as and when they are received.

The listing particulars haven't yet been reviewed by the vendor and are therefore not final.

Floorplans

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.

Financials

Rental Income

GROSS RENT PER ANNUM

£16,120

Equivalent of £1,343 per calendar month (PCM).

GROSS RENTAL YIELD

7.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£12,545

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.0%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,575

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

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.

About Wellingborough, East Midlands

Wellingborough is a large market town in Northamptonshire. It is located approximately 11 miles north-east of Northampton.

The A45 dual carriageway to the south links the town with the A14 and the M1. The A45 connects Wellingborough to Northampton, Rushden, Higham Ferrers and Peterborough, whilst the M1 leads to London and Leeds.

Wellingborough railway station is operated by East Midlands Trains, which runs direct trains to London St Pancras International in under an hour. The station also connects the town with Bedford, Luton, Kettering, Corby, Leicester, Nottingham, Derby, Sheffield and Leeds.

Some of Wellingborough’s places to visit are The Wellingborough Museum, which is housed in a Victorian swimming pool; All Hallows Church, which dates from 12th century; The Castle Theatre, a mixed-use centre for theatre, cinema and art and Croyland Abbey.

Nearby Irchester Country Park offers cycle routes, several walking trails in the 200-acre woodland and an adventure course with zip lines. Stanwick Lakes, just outside Stanwick village, equally offers a variety of activities including team building days, wildlife & bird watching, traditional crafts courses, outdoor theatre productions, children’s holiday club and others.

With its close proximity to Northampton Wellingborough is an ideal commuter town. Some of the big private employers in Northampton are Weetabix, Travis Perkins, Nationwide Building Society, RS Components, iPSL and Barclaycard.

College Street,

Wellingborough,

Northamptonshire,

England,

NN8 3HF

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