Freehold mid-terrace with five self-contained studio apartments
A substantial Victorian mid-terrace offered as freehold with five self-contained studio apartments, sold fully let and chain-free. The property delivers immediate rental income of £42,060 pa, giving a gross yield of about 9.3% at the asking price of £450,000 — attractive for buy-to-let investors seeking an income-producing asset in Northampton.
The building retains period bay-front character and sits over four levels including a cellar, with a small communal rear garden. Each flat includes a kitchenette and separate bathroom (EPCs available per flat). Broadband and mobile connectivity are strong in the area, and nearby schools and local amenities support ongoing tenant demand.
Notable negatives are factual and material: the area records higher-than-average crime, the mid-terrace footprint gives a small plot and limited external space, and the property construction notes timber-frame walls with no assumed insulation — potential energy and maintenance considerations. EPC ratings lie between D and E, so upgrading insulation and services may be needed to improve efficiency and compliance.
This is best suited to investors wanting an immediately income-producing block with scope for value-add via energy improvements, tenant turnover management or selective modernisation. Buyers should factor in potential refurbishment costs, communal management, and local market conditions when assessing net returns.
