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South Street, Northampton

3 beds | 3 baths | 3 receptions | £395,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page

Material Information

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page

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Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :  

Freehold

Stonhills are pleased to offer this freehold block of three apartments comprising one two bedroom and two one bedroom flats, all fully let and generating approximately £30,000 per annum. The property is offered on a single title with no service charges, providing a straightforward investment opportunity with immediate income. Ideally located close to Northampton General Hospital and the Town Centre.

A rare opportunity to acquire this freehold block of three apartments, offering an excellent ready-made investment with immediate income from day one.

The building comprises one two-bedroom apartment and two one-bedroom apartments, all of which are currently let on assured shorthold tenancies to long-term tenants, providing a combined rental income of approximately £30,000 per annum.

The accommodation is arranged over three floors. Two of the apartments are accessed from the ground floor and offer open plan living/kitchen areas, with stairs leading down to basement level bedrooms with en-suite facilities. The third apartment is also accessed from the ground floor but extends to the first floor, offering a spacious open plan living/kitchen area, two bedrooms and a bathroom.

The property is fully compliant with current letting regulations and has been well maintained, allowing a purchaser to take over a fully operational investment with no immediate work required.

Being sold as a freehold on a single title, the property offers a straightforward purchase with no service charges or management complications, making it particularly attractive for investors looking for a simple, income-producing asset.

Ideally located close to Northampton General Hospital and the Town Centre, the property benefits from strong and consistent rental demand.

Overall, this is an excellent opportunity to acquire a low-maintenance, fully let investment in a sought after location.

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