House in Kettering, North Northamptonshire

House for sale

Kettering, North Northamptonshire

7 bedrooms7 bathrooms

454.466 €

Listed Sep 3, 2026

About this listing

Exceptional, Fully Licensed 7-Bed HMO - High-Yielding, Suited to Working Professionals Modern, compliant, and consistently fully occupied, 236 Mill Road presents a rare opportunity to acquire a high performing HMO with sui generis planning consent and a current North Northamptonshire Council HMO licence in place. This turnkey investment is fully self managed and currently occupied by reliable working professional tenants, delivering stable income and minimal operational input. ________________________________________ Key Investment Highlights Legally Compliant & Fully Approved * Sui Generis HMO planning approval Council application link (North Northamptonshire) * Valid HMO licence in place High Rental Demand Area Located in Kettering, a thriving commuter town with strong employment, good transport connectivity, and ongoing regeneration-making it ideal for professional tenants. Robust Rental Income Current room rates: Room Monthly Rent 1 £625 2 £625 3 £625 4 £640 5 £585 6 £650 7 £850 Total monthly income: £4,600 Total annual income: £55,200 ________________________________________ Operating Costs (Annual) * Council Tax: £2,500 * Energy: £4,800 * TV Licence: £156 * Internet: £540 * Water: £1,176 Total operating costs: £9,172 Net annual income: £46,028 ________________________________________ Investment Performance Using the asking price of £390,000, here are the yields: * Gross Yield: 14.1% * Net Yield: 11.8% These returns are strong for the Northamptonshire market, particularly for an HMO already benefiting from full compliance and professional tenants. ________________________________________ Why This Property Stands Out 1. Strong, stable returns Long-term tenants and high room rates provide predictable income. 2. Fully managed operations (self-managed) A new owner can: * Continue self-management for maximum return, or * Put the property under an HMO management company. 3. Sui generis planning, expansion flexibility Rare planning class allowing: * Larger HMOs * Potential to further upgrade communal spaces * Opportunity to add premium features for even higher rents 4. Appealing to working professionals The property is configured and maintained to suit working tenants-ensuring: * Lower turnover * Better care of the property * Higher demand and rental stability 5. Minimal capital expenditure required Operational, licensed, and income producing from day one. ________________________________________ Summary 236 Mill Road is an ideal purchase for both new and experienced HMO investors seeking a secure, compliant, and income-generating asset with excellent yields and strong tenant demand. With a net yield of just over 11.8%, full planning approval, licensing, and professional tenants already in situ, this property is a turnkey investment opportunity and a rare find in one of Kettering's most consistent rental areas.

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