1-bedroom flat · NN12 6DT
Sold STCListed 64 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Exclusively available to residents over the age of 55, this retirement apartment is situated in Richmond Court overlooking the communal gardens.
The first-floor apartment offers a sitting/dining room, kitchen, bedroom and a shower room.
Residents of Richmond Court can enjoy use of the communal gardens with seating areas, a communal laundry room, as well as a carpark for residents and visitors. Material Information: Tenure: Leasehold.
- Council Tax Band: A. - EPC Rating: C. Utilities: Mains electricity, water and drainage. Heating via electric storage heaters.
Parking: Private car park for residents and visitors, operated on a first come, first served basis. Flood Risk: Very Low (based on the UK Government’s Long Term Flood Risk Checker).
Rights/Restrictions: Residents must be over the age of 55. An additional fee of 2% of the properties market value is payable to the management company upon a sale.
None further known (subject to legal verification). Leasehold: 99 year lease with 59 years remaining. Service Charge - £3,403.97 per annum (reviewed annually) Ground Rent - £50 per annum.
There is no review period for the ground rent to our vendors' knowledge. Prospective purchasers are advised to make their own enquiries to confirm all details.
EPC Rating: C The Accommodation Situated on the first floor with a stairlift installed and included in the sale, the accommodation comprises a sitting/dining room with over-stairs storage, kitchen with fitted units and equipped with a sink, combination oven/microwave, two-ring hob and a fridge/freezer.
The bedroom has built-in wardrobes, whilst the shower room is fitted with a wash basin with storage underneath, shower enclosure and a W.C.
Laundry Room There is also a laundry room with washing machines & tumble driers which are available for use by residents.
Communal Garden The property benefits from well-maintained communal gardens, which are laid to lawn with a variety of shrubs, flowers, trees, and seating areas.
Parking - Off street Residents and visitors to Richmond court further benefit from the use of a car park.
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
FAQ
About Richmond Court, Towcester, NN12
Explore nearby
