1-bedroom flat · NN12 6DX
No longer listedListed 48 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available Now, this second-floor apartment is situated within a Grade II-listed former workhouse, tucked away in a private location within easy reach of local amenities.
The accommodation offers an entrance hall, open-plan kitchen/living room with white goods included, a double bedroom and a bathroom, together with one allocated parking space and further visitor parking on a first-come, first-served basis.
EPC Rating: C The Accommodation Accessed via a communal entrance, the apartment opens into an entrance hall with an entry phone and airing cupboard housing the hot water cylinder.
The open-plan kitchen/living room includes a breakfast bar, a single oven with hob and extractor, a fridge/freezer, and a washing machine.
The double bedroom and a bathroom fitted with a three-piece suite comprising a bath with electric shower over, a wash basin, and a W.C. complete the accommodation.
Allocated Parking Space The apartment benefits from one allocated parking space in the gravel parking area, with further visitor parking available on a first-come, first-served basis.
Tenancy Agreement An Assured Periodic Tenancy Agreement must be signed by all tenants.
(A tenant is any person over the age of eighteen years who will be residing in the property on a permanent basis.) Anyone entering into this agreement must understand it is legally binding and be aware of the responsibilities and liabilities involved.
The property is let unfurnished. Holding Deposit A holding deposit of £167.00 is payable to reserve this property which is the equivalent to no more than one week's rent.
The deadline for entering into a tenancy agreement is 15 calendar days from receipt of the holding deposit, unless a different deadline is agreed in writing.
If a tenancy is entered into, the holding deposit will be deducted from the first month's rent.
The holding deposit will be retained where a tenant or guarantor (a) provides false or misleading information which materially affects their suitability to rent the property or (b) fails a Right to Rent check or (c) withdraws from the proposed tenancy; or (d) fails to take all reasonable steps to enter into the tenancy agreement before the deadline — for example, failing to provide information reasonably required to support the application.
If we withdraw from the proposed tenancy for reasons unrelated to the above, the holding deposit will be refunded in full within 7 calendar days.
Security Deposit A security deposit of £836.00 is payable. This is equivalent to five weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy and must be paid by bank transfer before the tenancy is executed.
Fees for tenancy changes Where a tenant requests a change to the tenancy agreement, for example, adding or removing a permitted occupier, a charge of £50 towards the work involved in updating the agreement is payable.
Payments if a tenant wants to end a tenancy early If a tenant requests to leave a tenancy before they are entitled to do so, or without giving the required notice, the tenant may remain liable for rent and other contractual obligations until the tenancy legally ends.
Any payment required from the tenant will not exceed the financial loss reasonably suffered by the landlord and will not exceed the amount of rent that would have been payable had the tenancy continued for the required notice period.
Unpaid Rent Interest is charged at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent.
Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Keys or other Security Devices Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s).
If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord or any other persons requiring keys, will be charged to the tenant.
If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost keys or other security devices.
Pets A request to keep a pet will be considered by the landlord in accordance with the Renters’ Rights Act 2025.
The property is subject to a superior lease and consent from the freeholder/superior landlord may also be required.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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

FAQ
About Gilbert Scott Court, Towcester, NN12
Explore nearby