What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network
Key financials
Profit pa£17,046
ROCE12%
Yield12%
Purchase £ £24,250
Property description
Strategy: HMO
5-Bed HMO in Towcester
This 4 Bed property has a huge potential to be converted as a 5 Bed HMO in addition to its close proximity to Northampton, resulting in consistently high demand and occupancy rates all year round, providing steady growth in value and steady cashflow.
Towester HMO Investment Proposition:
Towcester presents a compelling HMO investment opportunity, supported by diversified and resilient tenant demand. The town benefits from being adjacent to Northampton, which has the University of Northampton, Northampton General Hospital and significant logistics-led employment growth, including Amazon’s new Northampton facility and planned second site, all of which continue to attract students, healthcare staff and working professionals to the area but Northampton is currently subject to Article 4 HMO conversion restrictions. HMO's in Towcester are on a likely demand due to the new upcoming Amazon warehouse near M1 Junction 15 and in a short duration, HMO property prices are expected to rise upwards.
Towcester benefits from strong, diverse tenant demand driven by major employment, education and healthcare sectors, helping to support high occupancy levels. Combined with ongoing housing shortages and significant pressure on local housing supply, this creates a favourable environment for HMOs, offering the potential for consistent rental income, strong demand and long-term capital growth
The HMO Conversion will consist of the reconfiguration of an additional reception room to be turned into a bedroom which will result in the following layout.
- 5 bedrooms
- 1 living room
- 1 bathrooms
- 1 Kitchens
- Parking
- Garden
Total monthly rental income: £3350
▪ Rent per room: £650 x 4 and £750 x 1
▪ Monthly Net Profit : £1420
▪ Annual Net Profit: £17046
▪ ROCE: 12%
▪ Gross Yield: 12%
▪ Purchase Cost: £24250
▪ Total Initial Investment :£116910
▪ Purchase price: £330000
▪ Purchase Costs:£24250
▪ Works:£18,000
▪ GDV: £330000
Cashflow Metrics
▪ Annual Rent: £40200
▪ Annual Profit: £17046
▪ Gross Yield: 12%
▪ Net Yield: 5%
▪ ROCE:12%
Room Rates per month
- 1 - £750
- 2 - £650
- 3 - £650
- 4 - £650
-4 - £650
Please contact for further details.
Sourced reference: 968364562751766
Due diligence
No information supplied.
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Key financials
Profit pa£17,046
ROCE12%
Yield12%
Purchase £ £24,250
Sales Agent
Kiran Bokil
Kiran Bokil
Smart support to move your deal forward
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What is a Sourced Approved Investment?
These properties have been carefully sourced and packaged by experienced property investment specialists and trusted Sourced Partners.
- Pre-vetted for investment potential
- Due diligence carried out
- Tailored for investor goals
- Backed by Sourced's expertise and network