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£500,000

St. Michaels Avenue, Northampton, Northamptonshire, NN1 4JQ

  • 9 beds
Detached house

£500,000

  • 9 beds
Detached house
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Estimate monthly mortgage payment:

£2,283 per month

Minimum deposit amount:

£25,000
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Property features

  • Licensed HMO
  • Nine Bedrooms
  • Four Shower Rooms/WC
  • No Chain Above
  • Turn Key Investment
  • Town Centre Location
  • Council Tax Band: C
  • EPC Rating: TBC

Details

A unique opportunity to purchase a nine bedroom, licenced HMO property in the town centre area of Northampton, within walking distance of the Town Centre/Northampton General Hospital/Northampton University and close to local shops and amenities. This four storey Victorian house property benefits from currently being fully tenanted and providing an income of aprox £50,000 PA.

The property comprises; an entrance hall, two bedrooms, a communal kitchen, a shower room and a separate W.C. on the ground floor, a further 7 bedrooms located over the upper floors with shower rooms/WCs on each floor. Externally there are small enclosed front gardens and to the rear the property have low maintenance courtyard gardens with rear access.

All the bedroom furniture is included in the sale which provides an ideal investment proposition, The property is fitted with a linked smoke alarm system as well as emergency lighting, gas safety certificate, EICR certificate. Further details regarding the property's income and outgoing costs are available on application.

General Information:
Tenure: Freehold. Local Authority: West Northampton Borough Council. The agency website indicates Tax Band: C. Energy Rating: TBC. The property has mains electricity, gas, water and drainage.

Situation:
The property is situated in Town Centre of Northampton which provides a good range of shops, restaurants and bus service into Northampton Town centre. Northampton provides a wide range of shops, leisure facilities, good rail and road links including the M1/A45 and A43.

When you make an offer on a property, we are required by law to carry out ID and Financial verification checks. As part of this we will need to see documents including Proof of ID, Address and Financial Statements and we will carry out a ‘SmartSearch’ chargeable at £7.50 per buyer.

** HomeMove Estate Agents may be paid a referral fee for introducing clients to their preferred EPC, Conveyancing, Survey and Mortgage service providers

Mortgage calculator

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£2,283 per month
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Stamp Duty tax
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£3,750
Mortgage and legal costs:
£999
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