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4 bedroom Mid-Terrace House

Lower Thrift Street, Northampton

£240,000

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Welcome to this four-bedroom HMO investment property, ideally situated in the popular and well-connected area of Abington, NN1

Hmo Investment Opportunity

Welcome to this four-bedroom HMO investment property, ideally situated in the popular and well-connected area of Abington, NN1. Currently generating an annual rental income of approximately £26,000, the property presents an attractive opportunity for an established landlord looking to expand their portfolio or an investor seeking to enter the HMO market.

The accommodation is arranged to provide four generously sized double bedrooms, offering practical and comfortable living space for tenants. One of the bedrooms is conveniently positioned on the ground floor, providing flexibility within the overall layout and helping to maximise the property's rental potential.

To the rear of the ground floor is a bathroom along with an additional separate WC, providing useful facilities for a shared property and helping to accommodate multiple occupants.

A further standout feature of the property is the converted cellar, which provides valuable additional usable space beyond the main accommodation. This versatile area could be utilised as an additional communal living space, games room, entertainment area or recreational room, giving tenants somewhere separate to relax and socialise. This additional space is a particularly useful feature within an HMO and enhances the overall practicality and appeal of the property.

Externally, one of the property's notable features is its large rear garden, offering tenants valuable outdoor space that can be particularly desirable with shared accommodation.
The location is another significant selling point. Positioned in Abington, the property is within a short walk of Northampton General Hospital, making it particularly convenient for hospital and healthcare professionals seeking accommodation close to work. Northampton Town Centre is also within easy reach, providing access to a wide selection of shops, restaurants, leisure facilities and transport connections.

With an existing annual income of approximately £26,000, four double bedrooms, a versatile converted cellar and a highly convenient location close to two of Northampton's major employment and amenity hubs, this property offers an excellent opportunity for investors seeking an established HMO in a strong rental area.

Property Reference: HRT005216899

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About Northampton

Sitting on the River Nene and with a population of almost 250,000, Northampton (in Northamptonshire) is one of the largest settlements in the United Kingdom without city status.

Northampton has something for everyone and is well served with local amenities. There are several parks, restaurants and shopping outlets in Northampton, not forgetting its famous market, which dates back to 1235.

There are over 70 schools in the area making it a great location for families. The area also boasts good public transport links, including a modern £20 million railway station, meaning you could be in London in less than 2 hours.

There’s plenty to do in Northampton and the surrounding area, like explore Abington Park, with its café and boating lake. Alternatively, you can take a walk in the treetops at Salcey Forest, or get active at Billing Aquadrome Leisure Park.

Northampton housing market trends

£306,065

Average price paid in Northampton

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haart Northampton

18 Bridge Street,
Northampton,
Northamptonshire,
NN1 1NW

Daniel Goodman

Senior Property Marketing Consultant

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