C1 The Parade, Northampton, NN1 2EA
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
344 sq ft
32 sq m
Key features
- Tenant in Situ – Currently Let at £825 PCM / £9,900 Per Annum
- Ideal Buy-to-Let Investment for Portfolio Landlords & First-Time Investors
- Prime Northampton Town Centre Location Close to Shops, Bus & Railway Stations
- Modern One-Bedroom First-Floor Apartment in Very Good Condition
- Estimated Market Rent Circa £900 PCM / £10,800 Per Annum
- Approx. 16.5% Gross Yield Based on a £60,000 Purchase Price
Description
GUIDE PRICE RANGE: £50,000- £60,000
VIEWINGS - BY APPOINTMENT ONLY - PLEASE CONTACT TO ARRANGE
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. 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.
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE.
Accommodation -
Communal Entrance - Entered via street access & stairs to first floor
First Floor -
Entrance Hall -
Bathroom - 1.78m x 2.06m (5'10 x 6'9) - Bathtub with mixer, pedestal wash hand basin, low level WC.
Bedroom - 2.95m x 3.12m (9'8 x 10'3) - Two UPVC double glazed windows to front elevation, downlights to double bed, storage cupboards, electric radiator
Open Plan Living & Kitchen - 4.60m x 4.52m (15'1 x 14'10) - Refitted kitchen with built in appliances, fridge and washing machine, electric radiator
Living Area - 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.
Leasehold Information - 125 Years from 2003 - 102 years remaining
Service Charge & Ground Rent - 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
How To Get There - The property is situated within Northampton town centre, close to The Parade and Sheep Street. From Northampton Railway Station, proceed towards the town centre and Market Square, continuing towards The Parade. NN Central is conveniently positioned amongst a variety of shops, restaurants and other amenities, with Northampton Bus Station also within easy walking distance. Sat Nav: NN1 2LU.
Local Amenities - The property is conveniently located in the heart of Northampton town centre, within walking distance of a wide range of shops, supermarkets, cafés, restaurants and leisure facilities. The Grosvenor Shopping Centre, Market Square and Northampton Bus Station are all close by, while Northampton Railway Station provides direct services to London Euston and Birmingham. There are also a number of gyms, healthcare facilities and everyday amenities within easy reach.
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 £1,500 ex VAT (£1,800 inc VAT).
Buyers Admin Charge - The purchaser will be required to pay a buyers admin charge of £1,000 ex VAT (£1,200 inc VAT).
Council Tax Band - Northampton Council Tax Band A
Copyright - All photographs displayed are the exclusive property of Richard Greener Estate Agents. They are protected under international copyright laws.
No photograph may be copied, reproduced, distributed, altered, transmitted, or otherwise used in any form or by any means without prior written permission from the copyright owner. Unauthorised use of these images is strictly prohibited and may result in legal action or a £2,000 fine.
Brochures
C1 The Parade, Northampton, NN1 2EABrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 34885721. 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 Auction House, Northamptonshire. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Northamptonshire on 01604 279527.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available 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 Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.