This one-bedroom apartment is located in a converted house in the heart of Northampton town centre and is being sold by auction on September 24th, 2024. The property has a guide price of £130,000 to £140,000 and is being sold with a yield of £10,560 per annum. The apartment has a spacious living room/kitchen, a bedroom, and a bathroom, and is located on the first floor with a private entrance hall. The property is let on an Assured Shorthold Tenancy to a long-term tenant who is paying a rent of £880 per calendar month. The property is offered on a lease with 80 years unexpired and subject to a ground rent of £100 per annum, which increases to £200 per annum within five years. The property has a reserve price, which is expected to be set within the guide range or no more than 10% above a single figure guide. The buyer will be required to pay an administration charge and a buyer's premium charge. The property is located in a convenient location, close to local amenities and shopping facilities.