YOUR MOVE - Hobin Roberts says ..

Property Oracle says ..

This four-bedroom property located on Oakley Street in Northampton’s city centre is presented as an HMO (House of Multiple Occupancy), currently licensed for five occupants and tenanted. Its central location offers easy access to amenities, transport links, and schools. The proximity to Northampton train station is a definite advantage for commuters. A number of schools are within a reasonable distance, with ratings that vary from ‘Good’ to ‘Serious Weaknesses’, indicating a mixed quality of educational facilities in the vicinity. The provided photographs reveal a property that is in adequate condition, though not luxurious. The interior is relatively clean and presentable, but the design and finishes appear to be of a basic standard. The lack of garden space is a noteworthy limitation. The property’s listing price of £250,000 is in line with the average price of comparable properties, particularly given its HMO status and location in a desirable urban area. However, without detailed square footage data for nearby comparable properties, a definitive judgement on price-to-value requires more information. Overall, this property presents a viable investment opportunity for buyers interested in a multi-occupancy rental property in a central Northampton location. Potential buyers should be aware of the absence of a garden and the variable quality of nearby schools.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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