Farnborough Drive, Middlemore, Daventry, Northants, NN11
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
645 sq ft
60 sq m
Key features
- PERFECT HASSLE FREE INVESTMENT PROPERTY
- ALREADY TENANTED SO RENT FROM DAY ONE
- RENTAL INCOME OF £750 PER MONTH
- ATTRACTIVE GROSS RENTAL YIELD OF 7.20%
- CAN BE PURCHASED USING A BUY TO LET MORTGAGE
- MODERN 2 BEDROOM APARTMENT WITH PARKING
- LOCATED ON THE MIDDLEMORE DEVELOPMENT
- APARTMENT IS IN A BLOCK OF JUST SIX APARTMENTS
- COUNCIL TAX BAND B AND AN EPC RATING OF C
- CONTACT GRAHAM DAVIDSON TO ARRANGE TO VIEW
Description
*** PERFECT BUY TO LET INVESTMENT PROPERTY *** LONG STANDING TENANT IN PLACE PAYING £750 PCM *** PRODUCING A VERY HEALTHY 7.20% GROSS YIELD RETURN *** NO VOID PERIOD SO RENTAL INCOME FROM DAY ONE *** MODERN PURPOSE BUILT 2 BEDROOM APARTMENT IN A SMALL BLOCK OF JUST SIX APARTMENTS *** LOCATED ON THE POPULAR MIDDLEMORE DEVELOPMENT ***
Are you a buy to let investor looking to increase your portfolio? Or maybe you are new to buy to let investing and looking for your first investment property? either way, this two bedroom second floor apartment on the popular Middlemore development on the edge of Daventry could be the perfect property.
The property is currently tenanted on a standard AST (assured shorthold tenancy) meaning the new landlord will benefit from rental income from day one with no void period to worry about. The tenant is also very settled in the home.
The current rent means that this property returns a very healthy 7.20% PA gross yield return.
Built around 16 years ago, this two bedroom top floor apartment is set within a small block of just six apartments, with allocated parking behind electrically operated security gates.
The property briefly comprises; entrance hall, lounge with open plan kitchen and Juliet balcony, two bedrooms and a family bathroom.
SITUATION
The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.
Lease term - 150 years from 1st January 2007 - 134 Remaining
Service Charge - £1730 p/a
Ground Rent - £125 p/a
This information should be verified by your legal representative prior to the exchange of contracts.
We urge any investors to contact us to discuss this opportunity in more detail.
Front External
Top Floor Flat on Farnborough Drive
Hallway
Shaped hallway offering access to all rooms. Storage cupboard and airing cupboard also located off the
Lounge/Diner
3.84m x 4.55m
Lounge/dining room leading to the kitchen. Being dual aspect the room is well lit and offers ample space for a small table and chairs as well as a sofa. Juliet style double doors to front aspect, window to side aspect.
Kitchen Area
2.84m x 2m
Modern kitchen with gas hob, electric oven and room for appliances.
Bedroom 1
3.4m x 3.58m
Good sized master bedroom, neutrally decorated throughout with a window to the front elevation, built in storage cupboard/wardrobe.
Bedroom 2
1.9m x 3.58m
Second bedroom with ample space for a double bed. Window to the front elevation and in good decorative
Bathroom
2.16m x 1.96m
Fitted with a three piece bathroom suite comprising panel bath, pedestal wash basin, low level WC.
Allocated Parking
Allocated parking space behind a secure gated entrance.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Farnborough Drive, Middlemore, Daventry, Northants, NN11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Long Buckby Station3.8 miles
About the agent
Chelton Brown, Daventry
59 High Street Daventry Northamptonshire NN11 4BQ
Being a specialist in the lettings industry for 35 years, Chelton Brown's name is synonymous with trust, dedication, experience and knowledge. We are one of Northampton's leading letting agents, renting and managing property lettings throughout Northamptonshire. We are the only local agents that have specialist departments for;
- Lettings in Northamptonshire
- Property Management
- Training and Professional Development
- Property Investments
- Client Accounts
Industry affiliations
Notes
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