5 bedroom house of multiple occupation for sale

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5 bedroom house of multiple occupation for sale

Leicester Terrace, Northampton, Northamptonshire, NN2
£275,000

Our Summary

  • The property would benefit from some updating which may enhance the potential for increased rental return and capital growth
  • Planning Permission/Development Proposals: NO

Description

This charming, Grade II listed property offers a unique opportunity for conversion back to a residential family home or for an investor seeking a fully licensed, 3-storey, 5-bedroom House in Multiple Occupation (HMO). The property boasts spacious accommodation across four floors, retaining some period features while catering to modern tenant needs. With a communal kitchen/dining area, laundry room, bathroom, garden, and five generously sized bedrooms, the property is perfect for tenants. The current landlord has declared an achievable income of £2,900 per month, and with some updating, the potential for increased rental return and capital growth is promising. Located within walking distance of Northampton Town Centre, Northampton Train Station, and The Racecourse, this property is an attractive investment opportunity. However, it's worth noting that the property is currently undergoing a 3-year treatment plan for Japanese Knotweed, which comes with a 10-year insurance-backed guarantee.