1-bedroom flat · NN11 4GF
Sold STCListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***NO UPPER CHAIN***TOWN CENTRE LOCATION***ALLOCATED PARKING*** Located within the TOWN CENTRE is this WELL PRESENTED ground floor one bedroom apartment.
With accommodation comprising entrance hallway, OPEN PLAN LIVING/KITCHEN/DINING area, BEDROOM and BATHROOM. Outside are communal gardens and ALLOCATED PERMIT-PARKING in a spacious private car-park.
Ideally suited to FIRST TIME or INVESTMENT PURCHASERS and VIEWING IS ADVISED.
EPC - D Entered There are three communal access doors into 'The Albany', the front one leads to the main communal hallway. Stairs lead to the lower ground with access to number 31.
Entrance Hallway Intercom handset, smoke alarm, white panel doors to storage cupboard, airing cupboard, and accommodation Lounge/Diner 4.27m x 3.96m An open plan space which has wood effect laminate flooring, wall mounted electric storage heater, double opening French style doors to communal garden, telephone point, television point, open in to:- Kitchen 2m x 2.13m Fitted with a range of both eye and base level units with rolled edge works surfaces over with tiling above, inset stainless steel single drainer sink unit set under a window with tiled sill.
Integrated electric oven and hob with concealed extractor fan over, space and plumbing for washing machine, space for full height fridge freezer, space for further under counter appliance Bathroom: Fitted with a a white three piece suite comprising panel bath, low level WC and pedestal wash hand basin, tiling to water sensitive areas, extractor fan Bedroom 4.11m x 2.46m Upvc double glazed window to rear aspect, telephone point, wall mounted storage heater, white panel door to built in wardrobe Outside: Communal lawned gardens with shrub borders, communal parking restricted to residents only with one allocated parking space with permit Leasehold Information The lease is dated 29th October 1993 and runs for a period of 125 years.
Ground rent is £100 per annum payable on 1st January & 1st July. Service Charge is £92.25per month to include water rates, buildings insurance and maintenance of communal internal and external areas.
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.
Area
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FAQ
About The Albany, Primrose Hill, DAVENTRY, Northamptonshire, NN11
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