Summary - 2, Oakley Street NN1 3EP
2 bed 1 bath Apartment
Low-cost, central buy-to-let with renovation scope and quick completion.
Tenant in situ — ideal for immediate rental income
A ground-floor two-bedroom flat in a former Victorian terrace, offered with a tenant in situ — set close to Northampton town centre and the train station. The accommodation includes an open-plan living/dining/kitchen, two bedrooms, a bathroom and a shared courtyard garden. Immediate exchange of contracts is available and the lot will be sold via an online auction (Secure Sale).
This is a clear income-led opportunity for an investor seeking a low-entry purchase in NN1. The property is Share of Freehold, has gas central heating, double glazing (post-2002) and fast broadband/mobile connectivity. Council Tax Band A and a small overall floor area mean running costs and council charges are low.
Material matters are straightforward: the flat is small (568 sq ft), EPC rating D, and the building has solid brick walls with no assumed cavity insulation. Interior decoration is dated and the communal/courtyard garden is shared. The local area shows high crime and deprivation statistics and nearby schools have mixed Ofsted outcomes — factors that may affect tenant demand and long-term capital growth.
Auction terms will apply: purchasers should allow for a 5% non-refundable deposit on exchange plus a reservation fee (up to 6% inc. VAT, minimum charges may apply). A legal pack is available; bidders must complete AML checks. This is best suited to a buyer comfortable with auction purchase mechanics and immediate completion requirements.
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