Summary - 12 VICTORIA ROAD WELLINGBOROUGH NN8 1HN
1 bed 1 bath Terraced
**Key Features:**
- Freehold investment property comprising 4 self-contained flats, all situated near the town centre.
- Each flat on a 99-year lease; initial ground rent of £150 per annum, escalating over time.
- Consists of a Victorian 3-story terraced house known for period features like high ceilings and bay windows.
- High demand amenities and access to good schools within the vicinity.
**Concise Summary:**
This unique freehold investment opportunity includes four self-contained flats located close to the bustling town centre. Each flat is currently leased on a 99-year term, providing a stable income stream. The property is a charming Victorian terraced house, showcasing period features and high ceilings, which could make it an attractive rental option for future tenants.
However, prospective buyers should be cautious as the remaining lease terms of approximately 77 years may pose challenges with mortgage lending. The surrounding area has a high crime rate and notable deprivation, which could affect investment attractiveness. Ideal for savvy investors or those looking to capitalize on renovation potential, this property offers scope for future development. With nearby amenities and reputable schools, it stands as a solid choice for both rental and residential aspirations, but swift action is advised to secure this opportunity before it’s gone!
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