75/77 Overstone Road, 75-77 Overstone Road, Northampton, NN1 3JW

The subject property comprises a former Victorian factory/warehouse, with 5 residential units above (consisting of a mixture of bedsits, flats and studios). 75 Overstone Road is three storeys with basement accommodation and 77 Overstone Road is two storeys with basement accommodation.
They are both of traditional brick construction underneath a pitched tiled roof, with flat roofs in sections (currently used as 'roof terraces'). The ground floor was most recently used as a kitchen showroom/workshop and is currently vacant.

The residential units have been refurbished to a high standard. The units benefit from double-glazed windows and heating is provided via electric radiators.

The current rental income is as follows:
75a - £795 pcm (£9,540 per annum)
75b - £640 pcm (£7,680 per annum)
75c - £750 pcm (£9,000 per annum)
77a - £795 pcm (£9,540 per annum)
77b - £640 pcm (£7,680 per annum)
The total income therefore received from the residential units is therefore £43,440 per annum)

Planning permission has recently been granted for the conversion of the ground floor workshop to 2 x 1 bedroom self-contained apartments with courtyard gardens with alterations required. Planning ref: 2024/0589/FULL.

The subject property is located on Overstone Road which is on the fringe of Northampton Town Centre, it is a large residential and commercial location and falls within the Northampton Boot and Shoe Conservation Area. There is significant redevelopment in the area including the conversion of the former Hawkins Boot and Shoe factory to 89 flats and studios. Further development is underway nearby.

Northampton is one of England’s fastest growing towns with a present population of 225,000 and is the strategic location for many national organisations as their central hub for business.

Northampton has excellent rail and road communications, with hourly train services to London and road links to the M1 at Junctions 15, 15a & 16 and additionally to the A14 in the North.