Summary - Flat 1, 65, Chaucer Street, NORTHAMPTON NN2 7HW
1 bed 1 bath Block of Apartments
New-build block near university, designed for strong rental demand and flexible ownership options.
- 15 x one-bedroom new-build apartments, practical completion Dec 2025
- Freehold, self-contained block with total area 638.9 sqm
- Estimated rental income £165,600 pa; gross yield ~7% at asking price
- Prime walking distance to Waterside Campus and town centre
- Covered garage parking available at street level
- No garden or significant outdoor communal space
- Located in a deprived area with above-average crime levels
- Offered vacant or fully let for investor flexibility
A purpose-built block of 15 one-bedroom apartments due for practical completion December 2025, offered freehold and either vacant or fully let. The development sits within easy walking distance of Northampton town centre, Waterside Campus and public transport, targeting students and young professionals who drive strong rental demand in this area.
The scheme totals 638.9 sqm (approx. 2,085 sqft) with an estimated gross rental income of £165,600 pa and an indicative gross yield of 7% at the asking price. Each apartment is new-build with a modern brick façade, pitched roofs with dormers and an efficient open-plan layout intended to maximise lettability and minimise void periods. A covered garage/parking provision is shown at street level.
Buyers should note material market and property considerations: the wider area is classified as deprived with above-average crime statistics, which may affect tenant mix, management needs and insurance costs. The block has no significant communal garden or private outdoor space and will require active on-site management if let to short-term or student tenants.
This is a straightforward, income-focused investment: newly constructed units reduce near-term maintenance but bring typical new-build risks (snagging, final certification, and letting the scheme to target rents). The option to purchase vacant or already let provides flexibility for owner-occupier investors or those seeking immediate income.
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