We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NN11 9AB
Listing removedListed 384 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** attention all buy to let property investors *** Buy to let investment opportunity *** Already tenanted at £700 pcm *** Income from day one *** Very healthy gross rental yield return of 8% pa *** Popular block for people looking to rent *** a perfect hands free investment opportunity *** *** property investors only *** One bedroom purpose built ground floor apartment which is a perfect buy to let opportunity as it is already tenanted at a monthly rent of £700 per month creating a very healthy 8% gross rental yield return and a rental income from day one.
This is a perfect hands free investment that is currently managed on an ongoing basis by Chelton Brown lettings department and is located in a very popular rental block that is a short walk from daventry town centre and close to many of the towns employment areas.
This one bedroom ground floor apartment comes with allocated parking and includes an entrance hall, lounge with open plan kitchen, double bedroom, and a full bathroom with a new thermostatic shower over the bath.
Apartments in this development are always in high rental demand so this property is likely to create a steady rental income for many years to come and also the potential for future capital growth.
Entrance Hall 17'8" x 3'8" (5.38m x 1.12m) Long entrance hall with doors leading to all main rooms plus a storage cupboard Lounge 11'3" x 10'9" (3.43m x 3.28m) Good size lounge which is open plan to the kitchen.
Kitchen 7'5" x 8'2" (2.26m x 2.5m) Open plan to the lounge and with a range of fitted base and eye level cupboards.
Includes oven, hob and extractor hood plus built in washing machine and a brand new free standing fridge freezer Bedroom 11'9" x 9'4" (3.58m x 2.84m) Fitted Wardrobes Bathroom 8'1" x 5' (2.46m x 1.52m) White three piece bathroom suite with new thermostatic shower over the bath.
Extensively tiled to wet areas and a newly fitted mirrored bathroom cabinet. Allocated Parking The apartment includes one allocated parking space.
Current rental income from a settled long standing tenant is £700pcm and the property is let on a standard shorthold tenancy agreement.
Current Ground Rent £135 pa Current Service Charge in the region of £1,800 pa For more information about this property, or about investing in buy to let investment property, please contact graham davidson at Chelton Brown daventry office.
Daventry is a small market town in western Northamptonshire, close to the border with Warwickshire.
There is a twice weekly market along the High Street on a Tuesday and Friday, several independent shops, cafes, and coffee shops along with major retailers.
Leisure facilities include the Leisure Centre, Daventry Country Park, and a recently built multi-screen arc cinema.
This lovely market town is also a convenient location for commuting, being close to all major road networks including the A45, A361 and the A5.
Motorway connections include the M1 and M40 both of which are approximately 20 minutes away.
The nearest railway station is at Long Buckby which is about 10 minutes away and offers direct routes to Birmingham, Northampton, and London Euston, in less than one hour!
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 23, Morning Star Road, Daventry
Explore nearby