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See how verdicts work3-bedroom flat · NN1 5HS
Listing removedListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stonhills are pleased to offer this freehold block of three apartments comprising one two bedroom and two one bedroom flats, all fully let and generating approximately £30,000 per annum.
The property is offered on a single title with no service charges, providing a straightforward investment opportunity with immediate income.
Ideally located close to Northampton General Hospital and the Town Centre.
A rare opportunity to acquire this freehold block of three apartments, offering an excellent ready-made investment with immediate income from day one.
The building comprises one two-bedroom apartment and two one-bedroom apartments, all of which are currently let on assured shorthold tenancies to long-term tenants, providing a combined rental income of approximately £30,000 per annum.
The accommodation is arranged over three floors.
Two of the apartments are accessed from the ground floor and offer open plan living/kitchen areas, with stairs leading down to basement level bedrooms with en-suite facilities.
The third apartment is also accessed from the ground floor but extends to the first floor, offering a spacious open plan living/kitchen area, two bedrooms and a bathroom.
The property is fully compliant with current letting regulations and has been well maintained, allowing a purchaser to take over a fully operational investment with no immediate work required.
Being sold as a freehold on a single title, the property offers a straightforward purchase with no service charges or management complications, making it particularly attractive for investors looking for a simple, income-producing asset.
Ideally located close to Northampton General Hospital and the Town Centre, the property benefits from strong and consistent rental demand.
Overall, this is an excellent opportunity to acquire a low-maintenance, fully let investment in a sought after location.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
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FAQ
About 10, South Street, Northampton
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