2-bedroom flat · NN8 2QL
For saleListed 12 days
Opportunity summary
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About
Tenure: Leasehold Buy to let investors only sorry-sold with tenants in situ Current rent £845 pcm (Last increase 2024) potental rent £900 pcm leasehold-76 Years remaining We have been advised by the vendor, that the lease can be extended by 99 years, at a cost of approximately £15,000 This spacious two-bedroom flat is an excellent opportunity for buy-to-let investors, offered for sale with tenants in situ and a current rental income of £845 per calendar month, generating a gross yield of 9% per annum.
Located on the second floor of a purpose-built development, the property enjoys a peaceful position adjacent to woodland and green spaces, providing a tranquil outlook while remaining conveniently close to local amenities and transport links.
The flat features a spacious lounge and dining area with ample natural light, a separate modern kitchen with gas hob, a family bathroom, and a master bedroom complete with an ensuite shower room and built in wardrobes.
The second bedroom is generously sized, making it ideal for any future sharers or small families.
Additional benefits include an EPC rating of B (81), council tax band B, and an allocated parking space for one vehicle.
The property is leasehold, with 76 years remaining on the lease and potential to extend, a ground rent of £100 per annum, and a service charge of £2,300 per annum.
This property is ideal for investors seeking a low-maintenance asset with strong rental appeal in a desirable and leafy location. A Buyer’s Reservation Fee forms part of any agreed purchase price.
Please contact branch for more information.. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
EPC Rating: B Location 6 Wilce Avenue, Wellingborough, NN8 2QL Parking - Allocated Parking
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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