Summary - Flat 2, 125 Abington Avenue, NORTHAMPTON NN1 4QB
2 bed 1 bath Flat
Low‑price auction buy in Abington — good location but short lease and auction fees apply.
Two-bedroom first-floor flat with bay-windowed living room and high ceilings
Allocated off-street parking to the rear; convenient for tenants
582 sq ft — small but practical layout for couples or sharers
Sold at auction; non-refundable reservation fee 4.5% (min £6,600)
Lease c.65 years remaining — lenders may refuse mortgages
EPC D and solid brick walls assumed with no insulation (upgrade likely needed)
Ground rent £50pa; service charge awaiting confirmation
Area: close to Abington Park, good broadband, but crime above average
Set over the first floor of a Victorian terraced building, this two-bedroom apartment offers straightforward rental or refurbishment potential in central Abington. The flat benefits from period character — bay-windowed living room and high ceilings — alongside a modernised kitchen and a re-fitted bathroom. Allocated off-street parking and proximity to Abington Park, local shops and transport links add practical appeal for tenants or short-term lets.
Important practical and legal considerations affect viability: the lease has only around 65 years remaining and lenders may refuse standard mortgages on this basis. The property is being sold by auction via the Modern Method of Auction and carries a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) plus a Buyer Information Pack fee and possible optional service fees. Service charge is awaiting confirmation and ground rent is small (£50pa).
For an investor or a cash buyer comfortable with auction purchase conditions, this flat presents a low-entry price and decent location for lettings or a light refurbishment to add value. Note the EPC rating of D and assumed solid brick walls with no insulation — further energy upgrades could improve running costs and marketability. The area has fast broadband and excellent mobile signal, but local crime levels are above average, which should be considered when pricing for tenants.
Buyers should obtain conveyancing and mortgage advice before bidding, verify lease and service charge details, and budget for any insulation, energy-efficiency improvements or cosmetic updates required to maximise rental income or resale value.
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