Summary -
Flat 8,Moss Court,Wellington Street,KETTERING,NN16 8SF
NN16 8SF
2 bed 1 bath Flat
Immediate rental income with long-term tenants and strong gross yield potential.
Approx gross yield ≈10.4% (£9,900 pa income on £95,550 price)
Long-term tenants in situ; currently producing immediate rental income
Leasehold tenure — check remaining term and service charges
Small overall size ~506 sq ft; compact two-bed layout
No private garden; shared off-street parking only
Area recorded as very deprived; local crime level very high
Buyers Premium applies on completion — clarify costs early
Suitable for investors/developers; owner-occupier options limited by tenancy
A compact two-bedroom leasehold flat in Moss Court, Wellington Street, offered with long-term tenants in place. The property produces a current annual gross income of £9,900 against a guide price of £95,550 — an approximate gross yield of around 10.4% — making it an obvious short-list for investors seeking immediate rental income.
The apartment extends to about 506 sq ft and comprises lounge, kitchen, two bedrooms and a three-piece bathroom. It occupies a purpose-built brick block with shared off-street parking and low-maintenance communal areas. The block appears well-kept and the flat is described as tidy and tenant-occupied, reducing void risk for a purchaser prioritising cashflow.
Material considerations are clear: the property is leasehold, relatively small, has no private garden and sits in an area recorded as very deprived with very high local crime levels. There is a Buyers Premium payable on purchase and tenants currently intend to remain, so owner-occupier purchase would require planning around existing tenancy agreements.
This is aimed squarely at buy-to-let buyers or developers looking to add an income-producing unit to a portfolio. The strong current rent roll and stable tenancy are positives, but buyers should factor in leasehold terms, local area issues and the flat’s compact size when assessing longer-term capital growth or refurbishment plans.
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