2-bedroom flat · NN4 0XU
Listing removedReduced £30k (−17.1%) on 20 JunListed 275 days
Opportunity summary
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About
A unique opportunity to acquire this well-presented second-floor apartment, situated within the highly regarded King Richard Court — an over-55s assisted living development located to the south of the town.
The development benefits from a 24-hour warden service, an on-site café and dining area, and a range of communal lounges hosting weekly social activities.
Set within an established residential area, the property is conveniently positioned close to local amenities including a pharmacy, florist, and a nearby public house.
Leisure facilities at Collingtree Park are just a short distance away and include Virgin Active Gym, the renowned Collingtree Golf Club, and the popular Greens Restaurant.
Excellent transport links are provided via the ring roads and M1 Junction 15, both within easy reach.
The accommodation is accessed via a communal entrance with stairwells and lift access to all floors, centred around an attractive internal atrium with communal gardens.
The apartment itself features a wheelchair-accessible entrance hallway with storage cupboard, a spacious lounge/dining room, a separate refitted kitchen, two double bedrooms, and a generous shower room and the added benefit of a single garage with electric roller shutter door and a weekly clean provided by the complex.
First Floor Hallway: 3.35 × 2.04 m (10'11" × 6'8") Living Room: 5.02 × 3.41 m (16'5" × 11'2") Kitchen: 1.89 × 4.21 m (6'2" × 13'9") Bedroom 1: 4.24 × 3.02 m (13'10" × 9'10") Bedroom 2: 3.79 × 2.87 m (12'5" × 9'4") Bathroom: 2.26 × 1.59 m (7'5" × 5'2") Externally Garage: 5.17 × 2.87 m (16'11" × 9'4") Agents Note Service Charge ££735.91 Per Month Lease: 125 years remaining on lease as at 2022.
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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 King Richard Court,Flat 39, Wootton Brook Close, Northampton
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