Unit 1, Butts Road
Northampton
Northamptonshire
NN4 0UE
9% Investment Return, Downwood Close
£89,995
1 Bedroom Flat
- LONG LEASE 900+ YEARS
- NO CHAIN
- 9% RETURN ON ASKING PRICE
This studio apartment is an excellent investment opportunity. Offered to the market in good condition, it is immediately ready to rent and a conservative rent of £700PCM would give a headline return of over 9% before service charges and over 7.5% after. Figures of this type are rarely available in Northampton for a self contained property.
It is a ground floor studio apartment in a quiet road / suburb on the east of Northampton which is ideal as a rental as properties of this type are always popular with tenants who don't want to live in shared accommodation.
The seller has advised that there are approximately 953 years remaining on the lease and the current service charge & ground rent charge combined is £118.62 per month.
Draft Details.
At the time of print, these particulars are awaiting approval from the vendor(s).
Disclaimer.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
Energy Efficiency and Environmental Impact
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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