2-bedroom property · NN10 0FR
For saleListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An opportunity to acquire a rarely available, second floor, TWO DOUBLE BEDROOM apartment, set within this highly regarded McCarthy Stone development, on the South side of Rushden and yet still within comfortable walking distance of all local amenities.
A viewing is recommended to appreciate the space that this apartment provides.
Townsend Court is an assisted living development of 69 modern, one and two bedroom luxury apartments, exclusively for the age group 60 years and over. Superb communal facilities and gardens.
No onward chain. Townsend Court - Townsend Court is an Assisted Living development of 69 one and two bedroom apartments.
Situated on High Street South less than one mile from the town centre and overlooks Hall Park grounds at the rear of the development.
Rushden benefits from a position close to the regions major road network and is within easy reach of the M1 and M6 motorways, giving access to larger towns such as Wellingborough and Northampton.
Residents of Townsend Court will be able to take advantage of an excellent bus service, which provides regular routes to local towns and villages, with a bus stop located only 100 yards away.
Mccarthy Stone - McCarthy Stone specialises in the construction of purpose built properties for the over 60's.
This means that the features designed into our developments could be of particular interest to you.
The process begins from the moment we plan the location of a new scheme, right through to the detail touches that provide practicality and ease of maintenance with the older homebuyer in mind.
Safe & Secure With Mccarthy & Stone - A TV camera at the main entrance allows you to view visitors on your TV before deciding whether to let them in.
You can even talk to them on the intercom and unlock the door without having to leave your apartment.
All McCarthy Stone developments also include an intruder and smoke alarm system in both individual apartments and the communal areas - all connected to Careline - you will never have felt safer or more secure.
Key Features - Waitress Service Restaurant - To include a three course meal, daily, at an extra charge.
Function Room Residents’ Lounge Conservatory Library Guest Suite Battery Car Store Laundry Room Lift Camera Entry System Staff On Site 24-hours Domestic Assistance Personal Care by Arrangement Bath and Separate Level Access Shower Leasehold Information - This property is Leasehold.
We are advised by our Vendor client the property was constructed in 2008, offered on a 125 year Lease at that time and therefore there are approximately 110 years remaining on the Lease.
Ground Rent - We are advised that the ground rent is £876.97 Per Annum. (Approximately £16.86 per week / £73.08 per calendar month).
The cost of the Ground Rent was reviewed in 2024, and is due to be reviewed again in 15 years (2039). Service & Maintenance Charges - We are advised that the service charge is £10,304.77 per annum.
This works out at £5,125.39 per 6 Months / £858.73 per calendar month / £198.17 per week / £28.23 per day.
Service & Maintenance Charges are payable by all residents at Townsend Court to "Your Life" Care & Management.
It covers the costs of items such as staff costs, emergency call system, external maintenance and redecoration of communal areas within the building, gardening, building insurance and water usage.
Also, there is a weekly cleaning service and laundry facilities included within this service and maintenance charge.
All of this information regarding the lease, ground rent, service & maintenance charges etc will naturally need to be clarified by any potential Purchaser's Solicitors / Conveyancers before committing to legal exchange of contracts.
Contingency Fee - The leases and deeds of conditions of the apartments require the homeowners (sellers) to pay a service charge contingency fund contribution of 1% of the sale price or, where it is not a sale, the open market value, on certain transactions.
These contributions supplement the service charge contingency fund which in turn has the benefit of reducing the annual service charge contingency fund contribution.
Location - Townsend Court is situated on High Street South, close to the turning opposite into Crabb Street. Viewings should be made strictly via ourselves the Selling Agents on .
Energy Rating - Energy Efficiency Rating - B84 Certificate number - 2091-8011-7050-1109-5005 Council Tax Band - D Communal Reception Hall & Corridors - Providing access to all levels of the building.
Door to number 63. Accommodation - Hall - Lounge / Dining Room - 6.42m x 3.38m (21'1" x 11'1") - Maximum measurement.
Kitchen - 1.72m x 2.36m (5'8" x 7'9") - Minimum measurement, plus angled wall area. Bedroom 1 - 4.09m x 3.03m (13'5" x 9'11") - Maximum measurement, plus built in wardrobes.
Bedroom 2 - 4.61m x 2.75m (15'1" x 9'0") - Bath / Shower Room / Wc - Outside - Communal Parking - Communal Gardens - Well kept mature gardens that are to the rear and side of the overall complex, accessed via the communal lounge and conservatory.
Agents Note - If you make arrangements to view and/or offer on this property, Mike Neville Estate Agents will request certain personal and contact information from you in order to provide our most efficient and professional service to both you and our vendor client.
To view our Privacy Policy, please visit Disclaimer Mike Neville Estate Agents for themselves and the Vendors/Lessors of this property, give notice that (a) these particulars are produced in good faith as a general guide only and do not constitute or form part of a contract (b) no person in the employment of Mike Neville has authority to give or make any representation or warranty whatsoever in relation to the property.
Any appliances mentioned have not been tested by ourselves. Floorplans Floor plans are for identification purposes only and not to scale. All measurements are approximate.
Wall thickness, door and window sizes are approximate. Prospective purchasers are strongly advised to check all measurements prior to purchase.
Money Laundering Regulations 2017 We are required to obtain proof of identity and proof of address, as well as evidence of funds and source of deposit, on or before the date that a proposed purchaser’s offer is accepted by the vendor (seller).
Value & comps
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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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FAQ
About High Street South, Rushden, NN10 0FR
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