Tenanted one-bed apartment near Northampton station — immediate rental income for investors..
- Tenants in situ, current rent £800 pcm
- 107 years remaining on the lease
- Annual ground rent and service charge £3,096.84 total
- 494 sqft one-bedroom, open-plan living/kitchen
- Electric heating via room heaters, no communal gas
- Double glazed windows, installation date unknown
- Excellent commuter links: short walk to train and bus stations
- Local area records high crime and high deprivation
This first-floor one-bedroom apartment in Delta House is offered as an investor opportunity with tenants in situ. The property delivers an open-plan living/kitchen, double bedroom and bathroom across an average-sized 494 sqft, and benefits from modern finishes, double glazing and a central town location within easy walking distance of Northampton town centre and the railway station.
For landlords the key attraction is location and demand: Delta House is popular with commuting professionals, and the current tenancy is agreed at £800 pcm. With a purchase price of £99,000 and tenants already in place, the apartment is a straightforward let-and-hold addition to a rental portfolio.
Buyers should note material costs of ownership: 107 years remain on the lease, annual ground rent and service charge total £3,096.84. Heating is electric with room heaters rather than central gas, and the local area records higher crime levels and very high deprivation, which can affect tenant profiles and re-letting strategies. Double glazing is present but install date is unknown.
Overall this is a practical, centrally located rental unit with good commuter links and immediate income; it suits investors comfortable with higher running charges and the realities of letting in an inner-city, higher-crime neighbourhood.