Chelton Brown Ltd

Tel: 01604 603433

Email: sali.brown@cheltonbrown.co.uk

59 High Street,
Daventry
Northamptonshire
NN11 4BQ

Morning Star Road, Daventry

£130,000 Sold

2 Bedroom Apartment

  • Modern first floor two bedroom apartment
  • Currently rented at £650 PCM (£7,800 PA)
  • Excellent buy to let investment with a gross rental yield return of 6%
  • Invest with around £38,000 cash using a BTL mortgage
  • Already tenanted and managed by Chelton Brown
  • Modern apartment walking distance to town centre
  • Recently newly redecorated throughout
  • Kitchen appliances included
  • Allocated Parking
  • Communal garden

Chelton Brown are pleased to offer this modern first floor two bedroom apartment in Daventry with tenants in place making it an excellent buy to let property investment.

Currently rented out at a figure of £650 PCM (£7,800 PA) and fully managed by Chelton Brown, this is an excellent investment opportunity that delivers a gross rental yield return of 6%.

If purchased using a buy to let mortgage at 75% loan to value, this property can be purchased with around a cash investment of £38,000 and will deliver in excess of 8% return on cash invested.

Values in the area are also widely predicted to increase by around 19% over the next 5 years providing steady capital growth to further increase the value and quality of this investment.

This two bedroom first floor apartment is on a modern development yet is walking distance to both the Town Centre and many of the major employment areas of Daventry.

The property briefly comprises of entrance hall with storage cupboard and security intercom, large lounge/diner with soft furnishings and table and chairs, modern fitted kitchen with electric cooker, washing machine, fridge freezer and microwave. Master bedroom and second double bedroom with wardrobe and chest of drawers. Refurbished family bathroom with shower over bath.

The property has also recently been newly redecorated throughout and includes an allocated parking space.

To arrange to view or for more information on the investment returns please contact the selling agent Chelton Brown.

If you are looking for a reliable letting agent in Daventry, our aim is to protect and efficiently manage your property investment to ensure optimum return. We pride ourselves on our excellent customer service and the knowledge, professionalism and experience of our staff.

 

Two Bedroom Investment Property Offering 6% Gross Yield

Energy Efficiency and Environmental Impact

Energy efficiency chart Environmental impact chart

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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