Summary - 23 STANLEY STREET NORTHAMPTON NN2 6DD
3 bed 1 bath Terraced
Turnkey rental income with scope to add value through refurbishment.
Long-term tenant in situ producing £12,600pa gross income
A mid-terrace three-bedroom Victorian property on Stanley Street, offered freehold with a long-term tenant in situ. The house is compact (c.850 sq ft) with a small private rear garden and on-street parking — straightforward urban terraced accommodation that appeals to buy-to-let buyers and portfolio investors.
The tenancy produces a current annual gross income of £12,600, equating to a gross yield of about 7.6% at the asking price of £165,000. Broadband speeds and mobile signal in the area are good, and the property benefits from proximity to shops, schools and local transport links, supporting continued lettability.
Notable negatives are the surrounding area's higher crime levels and broader area deprivation, which may affect tenant mix and long-term capital growth. The plot is small and the internal space is modest; internal modernisation may be required to achieve higher market rents or to reposition the unit for sale. Buyers should review the Let Property Pack for full tenancy terms and compliance documentation.
This is a clear purchase for a hands-on investor or developer: stable current income with scope to add value through refurbishment or portfolio consolidation, balanced against location-related risk factors and likely short-term management needs.
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