Mill Road

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): CLICK HERE
• Valid HMO licence in place
  Council register link: CLICK HERE

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:

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 £510,000, here are the yields:

• Gross Yield: 10.82%
• Net Yield: 9.03%

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 9%, 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.