Elsden Road, Wellingborough, NN8

INVESTMENT OPPORTUNITY Fully licensed six bedroom HMO situated in Wellingborough, just 10 minutes' walk to the train station.

Strategically positioned near essential amenities this property promises convenience and accessibility for all professional tenants.

The property comprises of entrance hall leading to a well-appointed fitted kitchen and a communal WC at the rear of the property. You will also find a low maintenance rear garden.

The ground floor hosts two bedrooms, while the first floor boasts three additional bedrooms and another bathroom with an opportunity to add additional WC/shower room. You will also find the sixth room on the third floor which is a loft conversion.

Managed seamlessly by our dedicated lettings team since 2021, this property has enjoyed uninterrupted occupancy, a testament to its prime location with zero void periods, tenants benefit from both the convenience of the surroundings and access to the train station and town centre.

Don't miss out on the opportunity to invest in this thriving rental asset, This lucrative property generates an impressive annual income of £28,800, offering investors a substantial return on investment (ROI) of 10%. With such a robust financial performance, this asset stands as a testament to its enduring value and potential for lucrative returns.

Given you are also on a corner plot you also have an opportunity to covert this property into multiple flats subject to planning approval.

Council Tax Band: B
Tenure: Freehold
Garden details: Private Garden


Entrance hall
Entered via single glazed part glazed door to the front aspect, radiator, stairs rising to first floor landing and doors leading to:

Kitchen/lounge
Fitted kitchen comprising wall and base units with work surfaces over, stainless steel sink and drainer unit, tiling to splashback areas, gas cooker, freezer, washing machine, radiator, tiled flooring, double glazed window, door to the rear aspect leading to garden.
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WC
low level WC


Garden
Paved patio area for seating and fully enclosed garden.

Bedroom 1
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.

Bedroom 2
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.

First Floor
Stairs rising from entrance hall, leading to bedrooms and bathroom

Bathroom
Suite comprising wash hand basin, WC, bathtub, shower over bath, fully tiled walls and obscure double glazed window to the side aspect.

Bedroom 3
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.

Apartment 4
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.

Bedroom 5
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.

SECOND FLOOR:


Bedroom 6
Double sized bedroom, neutrally decorated, double glazed window to the side aspect. Fully occupied room.