Summary -
FLAT 1,18 HENRY BIRD WAY,NORTHAMPTON,NN4 8GA
NN4 8GA
1 bed 1 bath Flat
One-bedroom investment with established rent and off-street parking for investor buyers.
1-bedroom, approximately 420 sq ft (compact apartment)
Long lease approx. 104 years remaining
Current gross rent £10,320 pa (£860 pcm); tenants in situ
Advertised gross yield circa 8.46% at asking price
Communal private / off-street parking on site
No private garden; communal external areas only
High local crime rate; factor into tenancy risk assessment
Leasehold with likely service charges and a Buyer’s Premium applied
This one-bedroom, 420 sq ft leasehold flat on Henry Bird Way is presented as a ready-made buy-to-let with tenants in situ and proven rental income. The property currently produces £10,320 a year (£860 pcm), which the listing cites as an approximate 8.46% gross yield at the advertised price — a clear draw for investors seeking immediate cashflow.
The building appears modern and low-maintenance externally and includes communal private/off-street parking. The long lease (about 104 years remaining) reduces medium-term enfranchisement pressure. However, internal condition and exact layout should be confirmed: current marketing material lacks interior photography and full particulars, so a viewing or the Let Property Pack is essential before valuation or finance decisions.
Material considerations for buyers: the property sits in an area with higher crime statistics and is leasehold, with potential service charges and management costs that will affect net yield. A Buyer’s Premium is noted as part of the transaction process and should be factored into total purchase costs. This is best suited to investors or developers comfortable buying income-producing assets with existing tenancies and who will review the tenancy pack and service charge ledger closely.
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