Skip to content

Farnborough Drive, Daventry

£135,000
Added on 19/07/2021
Chelton Brown, Daventry
PROPERTY TYPE
Flat
BEDROOMS
×2
BATHROOMS
×1

Key features

  • Two Bedroom Apartment
  • Large Master Bedroom
  • Modern Kitchen
  • Gas Central Heating
  • Double Glazed
  • Shower Over Bath
  • Allocated Parking
  • Popular Location

Property description

Tenure: Please confirm if this is a freehold or leasehold property with Chelton Brown

*** BUY TO LET INVESTMENT *** TENANT ALREADY IN PLACE AND SETTLED IN THE APARTMENT *** 12.48% NET RENTAL YIELD RETURN WHEN PURCHASED WITH A INTEREST ONLY MORTGAGE *** INCOME GENERATING FROM DAY ONE *** PURCHASE WITH AROUND £33,750 INITIAL INVESTMENT WITH THE BALANCE ON A BUY TO LET INTEREST ONLY MORTGAGE ***

*** TOP FLOOR APARTMENT *** TWO DOUBLE BEDROOMS *** ALLOCATED PARKING *** OPEN PLAN LIVING ROOM AND KITCHEN ***

This apartment is currently tenanted on a standard AST (Assured Shorthold Tenancy) until May 2022 at an agreed rent of £675 PCM. For that reason, the property is only available to property investors looking to acquire a BTL (Buy To Let) investment property. The current rent means that this property returns a very healthy 4.6% PA net yield return which could be improved even further if purchased using a BTL mortgage of up to 75% of the purchase price.
This apartment is a purpose built two bedroom top floor apartment in a block of just six apartments with allocated parking and on the edge of the popular Middlemore development.
Using a BTL mortgage, an investor could purchase this great investment with around a £33,750 cash investment with the balance amount taken on an interest only mortgage. This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the property.
The property in more detail comprises of an entrance hall, lounge with semi open plan kitchen, two bedrooms and a family bathroom.
The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.
The ground rent and service charge on this apartment total around £1,860 PA.
EPC Rated – C
Leasehold

Approach -

Entrance Hall - Gas central heated radiator, double glazed window, storage cupboard and doors to:

Lounge/Diner - 3.45m x 4.55m (11'4" x 14'11") - a good sized lounge/diner with Juliette balcony to front of block, gas central heated radiator and arch leading to the kitchen.

Kitchen - Fitted with a range of wall and base units, sink with tap over, oven hob and extractor. Double glazed window.

Bedroom One - 2.93m x 4.15m (9'7" x 13'7") - Double glazed door with Juliet balcony and a gas central heated radiator.

Bedroom Two - 2.42m x 3.50m (7'11" x 11'6") - Double glazed window and a gas central heated radiator.

Bathroom - Bathroom with shower over, wash hand basin, W/C, double glazed window and a gas central heated radiator.

Views -

Outside - There is an allocated parking space.

Brochures

BrochureFarnborough Drive, Daventry
Energy Performance Certificates

Farnborough Drive, Daventry

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Long Buckby Station3.8 miles
Mortgages
Check mortgage affordability
Powered by Nationwide - Nationwide pays Rightmove a monthly fee made up of a fixed amount and up to 0.35% of each mortgage introduced. It is up to you if you choose Nationwide or a different lender to suit your mortgage needs and circumstances.
Market information
See similar nearby properties

About the agent

Chelton Brown, Daventry

59 High Street Daventry Northamptonshire NN11 4BQ

Being a specialist in the lettings industry for 35 years, Chelton Brown’s name is synonymous with trust, dedication, experience and knowledge. We are one of Northampton’s leading letting agents, renting and managing property lettings throughout Northamptonshire. We are the only local agents that have specialist departments for;

- Lettings in Northamptonshire

- Property Management

- Training and Professional Development

- Choice Based Lettings (CBL) in partnership with

More properties from this agent

Industry affiliations

Stamp Duty calculator

£

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference 30817549. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Chelton Brown, Daventry. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the average speed from the provider with the fastest broadband package available on comparethemarket.com at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Stickee Technology Limited.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.