2-bedroom flat · NN1 4QB
Listing removedListed 320 daysAuction 11 Feb · ended
Opportunity summary
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About
Sold for £90,000.
Guide Price = £70,000+ **For Sale By Public Auction 11th February 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Vacant First Floor Two Bedroom Flat Tenure Leasehold.
The property is held on a 99 year lease from 29th September 1988 (thus approximately 62 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of The Racecourse Park are within easy reach. Transport links are provided by Northampton rail station.
Description The property comprises a first floor two bedroom flat situated within an end of terrace building arranged over ground and two upper floors.
Accommodation First Floor Reception Room Kitchen Two Bedrooms Bathroom Exterior The property benefits from an allocated parking space Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating E Open House Viewings: Viewing Schedule (No Booking Required) Friday 30 January 12:00 - 12:30 Tuesday 3 February 12:00 - 12:30 Thursday 5 February 12:00 - 12:30 Saturday 7 February 14:00 - 14:30 Tuesday 10 February 12:00 - 12:30
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 2, 119 Abington Avenue, Northampton, Northamptonshire, NN1 4QB
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