Summary - South Street, Northampton, NN1 NN1 5HS
4 bed 3 bath Block of Apartments
**Standout Features:**
- Block of Freehold Apartments: 1 x Two Bed, 2 x One Bed
- Fully occupied with long-term tenants
- Generating £30,000 rental income annually
- No maintenance fees; chain-free sale
- Excellent location near Northampton General Hospital and Town Centre
- Fast broadband and mobile signal
**Concerns:**
- Area has very high crime rates
- Deprivation in the local area may impact appeal
- Modernization may be required for optimal value
Discover a rare investment opportunity with this freehold block of three fully let apartments, ideally situated in NN1. Comprising two one-bedroom flats and one two-bedroom flat, this property generates a robust annual rental income of approximately £30,000. Each apartment is compliant with current leasing legislation and boasts spacious open-plan living areas, making them attractive to tenants and ensuring immediate income for the new owner upon completion.
While the area presents certain challenges, including high crime rates and some aspects of social deprivation, the benefits of a reliable income stream and proximity to local amenities and key destinations, like Northampton General Hospital and the Town Centre, provide considerable appeal. There’s potential for interior modernization, allowing the savvy investor to further enhance the property's value. Don't miss this chance to secure a well-performing asset in a dynamic urban location. Act fast—opportunities like this are rare in today's market!
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