Chelton Brown Ltd

Tel: 01604 603433

Email: sali.brown@cheltonbrown.co.uk

59 High Street,
Daventry
Northamptonshire
NN11 4BQ

Market Square, Daventry

£585,000

9 Bedroom House

  • Freehold
  • Town Cente Location
  • Excellent Investment
  • Nine Lettings Rooms
  • Licensed HMO
  • Grade II Listed

Chelton Brown are pleased to offer this fully licensed 9 bedroom HMO situated in the heart of Daventry Town Centre to market. Located on Market Square this HMO boasts a stunning co living area with kitchen dining area featuring a range style cooker and kitchen island.

This stunning Grade II listed building, converted 2016, is set over 3 three storeys and is approximately 3000 square feet briefly comprises; large entrance hall, downstairs WC and utility room, internal courtyard, cellar, two communal bathrooms and a beautifully designed spacious communal kitchen with dining area, as well as nine good sized double bedrooms, one of which has a private ensuite shower room. Other benefits include gas radiator heating and all certifications and licenses in place.

The Property also comes with ownership of two freeholds for two flats which make up part of the building. The HMO is offered fully furnished and comes with an enclosed rear garden and off road parking to the rear. Fully furnished and good to go.

Room 1 £450 pcm
Room 2 £450 pcm
Room 3 £420 pcm
Room 4 £650 pcm
Room 5 £450 pcm
Room 6 £450 pcm
Room 7 £450 pcm
Room 8 £430 pcm
Room 9 £600 pcm

Cash flow of over £50,000 per annum and a potential 8.9% when bought cash or 23.7% when bought with an interest only buy to let mortgage at 4% interest. (specialist financial / mortgage advice is advised). Also included is two leases for 7c & 7B which generates £85pcm for service charges for the two flats plus £400 ground rent a year and £400 towards building insurance, approx.

General Information
The property is Freehold. The property has Mains Electricity, Gas, Water and Drainage. Local authority: Northamptonshire West Council. The valuation agency listing indicates Tax Band: E. Energy Efficiency Rating: E.

 

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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