Summary - St Michaels Road, Northampton, NN1 NN1 3JT
3 bed 2 bath Terraced
**Key Features:**
- Converted Victorian terraced property
- Freehold tenure with no chain
- Two self-contained flats (one-bedroom and two-bedroom)
- Current rental income: £1,455 PCM with tenants in situ
- Approx. 8% gross rental yield
- Full planning permission and building regulation certificates available
- Close proximity to the Town Centre
- Solid brick construction, built in 1997
This charming Victorian terraced property presents an exceptional opportunity for investors seeking a reliable income-generating asset. With two self-contained flats and separate utility services, the ground floor and first floor apartments currently yield a combined rental income of £1,455 per calendar month, which provides a solid 8% yield. Both units are fully tenanted, ensuring a stable cash flow from day one.
Located in a vibrant urban cultural mix close to the Town Centre, this property benefits from excellent mobile and broadband connectivity, making it appealing for young families and students in the area. While the immediate local area has been noted for high crime rates and certain schools have mixed Ofsted ratings, this presents a significant chance for buyers to tap into an active rental market with strong demand.
The property has potential for further enhancement, with full planning documentation available for future renovations. With its economical council tax band and its solid brick build, this mid-terrace home is an ideal investment opportunity that may not last long—secure your viewing today!
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