Sold £160,000
- Terraced House
- Tenure: Freehold
Call the team on 01604 259 773 for more information
An established three storey terraced house currently divided to provide two self contained apartments let on Assured Shorthold Tenancies producing a gross income of £12,900 per annum
The property has a rear garden approached by a pedestrian access and benefits from gas fired central heating and double glazing and there may be potential to improve the value of the investment on review of the rents. The property is located within walking distance of Northampton town centre.
Tenure
Freehold
59 Palmerston Road
Entrance hall with stairs rising to the first floor, open plan kitchen/living room, bathroom and stairs rising to a bedroom.
Tenancy Agreement
Assured Shorthold Tenancy from the 10th December 2013 and is now on a periodic basis (copy of the Tenancy Agreement available within the legal pack) Current Rent £425 per calendar month excluding utilities and Council Tax
59a Palmerston Road
Entrance at the rear of the property with an open plan lounge/kitchen, bathroom and stairs rising to two bedrooms. Outside there is a rear garden with rear access.
Tenancy Agreement
Assured Shorthold Tenancy from the 7th March 2014 and is now on a periodic basis (copy of the Tenancy Agreement available within the legal pack) Current Rent £650 per calendar month, which includes gas, electricity and water rates, but tenants are responsible for payment of Council Tax
Yield
The property currently represents a gross rent of £12,900 per annum, which at the lower end of the guide price represents a gross yield of 8.3%
Services
Main drainage, gas, water and electricity connected. (None of these services has been tested).
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Northampton Borough Council
Solicitors
Goodchild Vizard & Smart, 44 Hazelwood Road, Northampton NN1 1LN, Ref: James Tricker, Tel: 01604 232882
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
Administration Charge - Please see above details
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.