*Guide | £50,000 - £60,000 (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. 102 Years Remaining
Call the team on 01604 259 773 for more information
A modern one-bedroom first-floor apartment offered with a tenant in situ, providing an attractive high-yielding investment in the heart of Northampton town centre. The property is currently let at £825 pcm / £9,900 pa, equating to approximately 16.5% gross yield at £60,000. Estimated market rent is around £900 pcm / £10,800 pa, offering potential for future rental growth and an approximate 18% gross yield at £60,000 (subject to the tenancy and relevant legislation)
Presented in very good condition, the apartment benefits from a refitted kitchen with integrated appliances, high ceilings and bright open-plan living accommodation. The property is in modern condition & sits at just under 400 sq ft with large bright windows in the living area. Conveniently located for shops, restaurants, Northampton Bus Station and Railway Station, the property is ideally suited to buy-to-let investors, portfolio landlords and first-time investors seeking a strong-yielding town-centre investment.
Tenure
Leasehold. 102 Years Remaining
ACCOMMODATION
ENTRANCE HALL
BEDROOM
Two UPVC double glazed windows to front elevation, downlights to double bed, storage cupboards, electric radiator
BATHROOM
Bathtub with mixer, pedestal wash hand basin, low level WC.
OPEN PLAN LIVING & KITCHEN AREA
Refitted kitchen with built in appliances, fridge and washing machine, electric radiator. Living area comprises of three large windows to front elevation, open plan lounge area.
SERVICES
Main water, drainaige & electrics are connected. Orchard block management are managing agents.
LEASE DETAILS / SERVICE CHARGE / GROUND RENT
125 Years from 2003 - 102 years remaining Service charge is £2,400 per year Ground rent is £100 per year
RENTAL INCOME
The property is currently let for £825pcm / £9,900 per year & has the potential to increase to £900pcm / £10,800 per year
Energy Efficiency Rating (EPC)
Current Rating 72
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Northamptonshire County Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £1,500 ex VAT (£1,800 inc VAT).
Administration Charge - The purchaser will be required to pay a buyers admin charge of £1,000 ex VAT (£1,200 inc VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
