Description
Situated within a well-established residential area on the western side of Northampton, this spacious vacant two-bedroom first-floor maisonette presents an great opportunity for investors, developers and owner-occupiers alike. This is an attractive value-add opportunity with the estimated market rental value to £975 pcm (£11,700 per annum) representing 16.7% gross yield at the guide price displaying strong investment potential.
Benefiting from its own private entrance and an allocated off-road parking space, the accommodation comprises an entrance hall, generous lounge/dining room, kitchen, two bedrooms and a bathroom. The property would benefit from internal redecoration and cosmetic refurbishment throughout, offering excellent scope to add value. The property spans across two floors at 592 sqft.
ACCOMMODATION
KITCHEN 7'10 x 10'9 UPVC double glazed window to side elevation, base & wall level kitchen units, tiled splashbacks, stainless steel sink, electric cooker with extractor fan
LIVING AREA 11'5 x 11'10 UPVC double glazed window to side elevation, carpet flooring & electric radiator
FIRST FLOOR
BEDROOM ONE 9'8 x 9'1 UPVC double glazed window to side aspect, carpet flooring & plug socket
BEDROOM TWO 11'5 x 9 UPVC double glazed window to side aspect, carpet flooring, plug sockets & electric radiator
BATHROOM 7'9 x 5'8 Bathtub with electric shower, low level WC, hand wash basin, tiled walls
OUTSIDE Off-road allocated parking for one space
LEASEHOLD DETAILS 61 years on the lease remaining.
99 years from 1988
SERVICE CHARGE & GROUND RENT Annual Service Charge: £1241
Ground Rent: £171.79 every 6 months
Tenure: Leasehold
Lease Details: 61 Years Remaining
EPC Rating: 54
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
The purchaser will be required to pay a buyers premium of £1,500 ex VAT (£1,800 inc VAT).
Administration Charge
The purchaser will be required to pay a buyers admin of £950 ex VAT (£1,140 inc VAT).
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01604 259 773 for more information
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