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47 Corporation Street
Northampton
Northamptonshire
NN17 1NQ
Pen Green Lane, Corby
£230,000
5 Bedroom House - Semi-Detached
- Fully operational House of multiple occupation.
- Yield of £33,600 per annum.
- Fully occupied currently.
- Popular location
- Treen lined avenue.
- Close to industry.
- Close to schooling and all amenities.
- FIVE bedrooms.
- Off road parking for multiple vehichles.
- Fully Licensed.
This substantial and high-yielding five-bedroom semi-detached HMO is ideally positioned on Pen Green Lane in the popular Lloyds area of Corby, a location well-regarded for its close proximity to local amenities, transport links, and employment hubs. The area itself is predominantly made up of similar semi-detached housing, making it a well-established and consistently in-demand residential setting .
The property has been thoughtfully reconfigured and adapted to operate as a fully compliant House in Multiple Occupation, maximising both space and rental potential. The accommodation is arranged to provide five well-proportioned letting rooms, alongside communal living facilities including a fitted kitchen and shared amenities, all presented in a practical and tenant-friendly layout.
Externally, the property benefits from a private rear garden and off-road parking, features which are particularly attractive to tenants and enhance overall occupancy levels. The position on a generous plot, typical of properties along Pen Green Lane, further adds to its appeal and long-term investment potential.
Financially, the property performs strongly, generating a gross annual income of approximately £33,600, reflecting its effective layout and desirable location. The consistent demand for rental accommodation in this part of Corby—combined with the scarcity of well-configured HMOs—ensures this property represents a compelling investment opportunity.
Offering a ready-made income stream, scope for further optimisation, and a sought-after location, this impressive HMO is ideally suited to both seasoned investors and those looking to expand their portfolio within a proven rental market.
Entrance Hall.
With staircase to first floor, doors to Kitchen and bedroom one and two.
Kitchen
3.66m x 3.11 (12'0" x 10'2")Fully fitted kitchen with both base level and eye level units.
Window to front elevation.
Bedroom one.
4.01m x 3.66m (13'2 x 12)fully independent bedroom currently let,
window and radiator.
Bedroom Two.
3.10m x 3.00m (10'2 x 9'10)Full serviceable bedroom room to let, window and radiator.
First floor landing
Bedroom Three
4.17m x 3.71m (13'8 x 12'2)Fully serviceable room that is currently fully let,window and radiator.
Bedroom Four.
3.10m x 3.00m (10'2 x 9'10)Fully let bedroom, window and radiator.
Bedroom Five
3.10m x 2.49m (10'2 x 8'2)Fully let bedroom with radiator and window.
Shower room.
Fully fitted shower room with low level cistern and hand basin.
First flooor WC.
Low level cistern with hand basin.
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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