For Sale6 Bedroom Terraced House in Freehold Street, Northampton, NN2 6EW£349,950

Rare Opportunity to own a planing approved 6 bedroom HMO. 10.28% NET Yield. This charming 4 storey HMO spans 1463.89 square feet of living space offering six double bedrooms, two bathrooms, lounge, utility room and modern kitchen which leads out onto the large private garden and patio. This property is being offered with a 5-8 year social housing contract providers Mears and Serco. Both firms are willing to offer a generous £36,000 per annum (£3,000PCM) net income, with all utilities, management and maintenance covered by Serco/Mears. These companies have exclusive deals with government ministries, so all rent payments are backed by the UK government. Rental will be guaranteed for duration of contract regardless of if there is voids in tenancy or not. Serco will also obtain a HMO license on behalf of the investor as part of the rental agreement. This property has the luxury of being one of the few planning approved HMO's in Northampton. Due to Article 4 being in place, no new HMO's are being granted permission in the city. Any current HMO's without planning approval risk being served enforcement notices from the council even if they have a license. As a license doesn't change the legal usage class of the the property, only planning permission can grant this security. This property is located in the perfect location for HMO in the city, 10 minutes away from both town centre and Northampton train station. Local amenities are plentiful and the beautiful Racecourse park is just a 30 second walk away. Don't miss out on this opportunity to acquire a turn key, recently renovated, high yielding, planning approved licensed HMO.