Summary - Midland Road, Wellingborough, NN8 NN8 1NB
9 bed 9 bath Block of Apartments
Nine flats with majority freehold, low service charge and close to the station — investor opportunity.
Nine apartments offered with majority share of freehold
Very long leases: circa 900 years remaining (individual leases >900 yrs)
Low service charge: £59.90 pcm per dwelling; no ground rent
Communal private parking and front communal courtyard
Under 10-minute walk to Wellingborough mainline station and town centre
EPCs mainly C–D; energy upgrades likely needed to improve efficiency
One flat currently vacant; refurbishment can increase rent/value
Local area: high crime and relative deprivation—affects tenant profile
This is a portfolio-style opportunity: nine self-contained flats offered with a majority share of freehold and very long leases (circa 900 years). The block is a Victorian red-brick period building with communal private parking and a front courtyard, located under a ten-minute walk from Wellingborough mainline station and close to the town centre and hospital.
The flats are predominantly one-bedroom layouts plus a studio, with a mix of EPC ratings (predominantly C–D) and individual rental history provided. Service charge is low at £59.90 pcm per dwelling and there is no ground rent. Several units are let with recorded rents; one flat is currently vacant, giving immediate re-letting or refurbishment potential.
Material considerations: the EPCs indicate average energy efficiency and some cosmetic or thermal upgrades may be needed to boost yields and reduce running costs. The wider area records higher crime and relative deprivation, which can affect tenant demand and rental values—market rents supplied are modest and some flats may require refurbishment to achieve the higher estimates. The property is offered chain-free, simplifying acquisition.
This will suit an investor or small landlord looking for a nearby-to-station, low-service-charge block with long lease security and clear upsides through refurbishment and repositioning. Buyers should budget for improvement works, EPC upgrades where required, and factor local market conditions into rental projections.
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