3 bedroom terraced house for sale

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3 bedroom terraced house for sale

St Michaels Road, Northampton NN1
£240,000

Our Summary

  • ***Investment Opportunity*** Presented to the market a converted Victorian terraced house in a sought-after location close to the Town Centre
  • Well-presented and in a popular location this offers an attractive investment opportunity with a good yield of 7%

Description

This converted Victorian terraced house in a sought-after location near the Town Centre offers an attractive investment opportunity. The property is freehold and has been converted into two separate one-bedroom and two-bedroom apartments with independent services, generating £1455 per month in rental income. The conversion was completed in 1997, and planning and building regulation certificates are available. The property is well-presented and has tenants in both apartments, with a good yield of 7%. The ground floor apartment is rented for £685 per month, while the first-floor apartment is rented for £770 per month, with council tax bands A and EPC ratings of C and D, respectively. The tenancies run until 2025, providing a stable income stream for investors.
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