Midland Road, Wellingborough

** FOR SALE BY LIVESTREAM AUCTION WEDNESDAY 1ST JULY 11:00 AM **
GUIDE PRICE: £50,000
VIEWINGS - BY APPOINTMENT ONLY - PLEASE CALL OUR OFFICE TO ARRANGE

An attractive investment opportunity in a recently converted first floor two-bedroom apartment positioned in the heart of Wellingborough town centre. The accommodation comprises two bedrooms, a bathroom and a large open-plan kitchen/living area. The property is well sized at approximately 740 sqft, it features double-glazed windows with lots of light and a contemporary finish throughout. A strong, low-maintenance investment opportunity with excellent long-term appeal.

This investment opportunity can see annual income of £10,200 (£850 pcm) at the guide price this represents a gross yield of 20.4%

TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE:
orthamptonshire

Accomodation -

Entrance Hall - 6.10m x 0.91m (20 x 3) - Entered via the communal entrance, up the stairs to the first floor, there is a hall way upon entry

Kitchen & Living Area - Modern white gloss kitchen units, quartz worktops, double glazed UPVC windows at rear & side elevations, two single paneled radiators and large open plan living / kitchen space, with wooden vinyl flooring throughout

Bedroom One - 2.74m x 3.99m (9 x 13'1) - Double glazed UPVC window with blinds to the side elevation, carpet flooring, single paneled radiator & spotlights

Bedroom Two - 3.02m x 3.99m (9'11 x 13'1) - Double glazed UPVC window with blinds to the side & rear elevation, carpet flooring, single paneled radiator & spotlights

Bathroom - 1.83m x 2.74m (6 x 9 ) - Bathroom with WC, wash hand basin with storage, bathtub with shower over, windows to rear elevation, heated towel rail, tiled throughout & spotlights

Service Charges - Service Charge Currently: £3,576 this year (previous service charge was £1861 per year in 2024 & potentially may be reduced)
Ground Rent: Ask Agent
Buyers are advised to check through the legal packs for additional information.

Lease Information - Property has 988 years remaining on lease (999 years from 2015)

Council Tax - Council Tax Band A

Local Amenities - Situated in Wellingborough town centre, Midland Road benefits from an excellent range of amenities within easy walking distance. The property is moments from Swansgate Shopping Centre, offering a wide selection of high-street retailers, cafes and everyday services. Midland Road and the surrounding streets provide a variety of local shops, convenience stores, supermarkets, takeaways and independent businesses, with further retail, leisure and transport facilities close by, making this a highly convenient and well-connected location.

Price Information - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.

Buyers Premium - The purchaser will be required to pay a buyers premium charge of £2,500 (£2,000+VAT)

Buyers Admin Charge - The purchaser will be required to pay an administration charge of £2,160 (£1,800+VAT)

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