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See how verdicts work2-bedroom flat · NN17 5UE
For saleListed 1 dayAuction 12 Nov · in 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stylish and spacious two-bedroom top-floor apartment extending to approximately 650 sq ft, offered to the market with an existing tenant in situ with the potential for vacant possession (subject to negotiations).
The property provides two good-sized double bedrooms, a generous living area, upgraded kitchen, central heating and double glazing.
Further benefits include allocated off-road parking and a convenient location close to Corby railway station and local amenities.
The property is currently producing £890 pcm / £10,680 per annum, representing an attractive gross yield of approximately 10.7% at the £100,000 guide price, making it a strong buy-to-let investment opportunity either with the tenant or vacant possession.
Tenure
Leasehold. 141 Yrs Remaining
ACCOMMODATION
TOP FLOOR
ENTRANCE HALL 10'5" x 9'2"
KITCHEN 12'1" x 10'5"
UPVC double glazed window to front aspect, wooden wall & base kitchen units, washing machine, gas cooking hob with extractor fan, boiler, stainless steel sink, tiled flooring
LIVING AREA 11'9" x 8'6"
UPVC double glazed window to rear aspect, carpet flooring, plug sockets & radiator
BEDROOM ONE 8'10" x 11'9"
Double bedroom with UPVC double glazed window to rear aspect, carpet flooring & radiator
BEDROOM TWO 12'1" x 14'5"
Double bedroom with UPVC double glazed window to rear & side aspect, carpet flooring & radiator
BATHROOM 5'6" x 6'2"
Features bathtub with shower, low level WC, hand wash basin & tiled throughout
SERVICE CHARGE / GROUND RENT / LEASE
150 years from 2017 - 141 yrs remaining Ground rent is £50 per year until 2041 Service Charge is £2220 per year / £185 per month
OUTSIDE / PARKING
1 x Allocated parking space
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Corby Borough Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - The purchaser will be required to pay a buyers premium of £2,000 ex VAT (£2,400 inc VAT).
Administration Charge - The purchaser will be required to pay a buyers admin charge of £1,500 ex VAT (£1,800 inc VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Flat 7, The Lodge, 88 Weldon Road, Corby, Northamptonshire NN17 5UE
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