5-bedroom house · NN17 1BL
For saleListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 72, Pen Green Lane, Corby
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