4 bed property portfolio for sale

£265,000

Robinson Road, Rushden, Northamptonshire, NN10 0EH

Bedrooms4TypePorfolioRent pcm1200FurnishedFurnished
TenureFreeholdGround rentService charge
Tenanted/VacantTenantedAST details No
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BTL opportunity - discount available for 4-week completion!

FOR SALE: Two 2-bed flats on single freehold deed (or 999yr leaseholds, if requested), with a plot that includes a third brick building with plans for residential conversion (STPP). With a combined rental value of £1,200pcm and excellent capital growth, this is a fantastic opportunity for buy-to-let investors.

THE PROPERTY: This detached freehold building is in the commuter town of Rushden, and houses two, two-bedroom flats, set on one deed. This means both flats can be bought as a single purchase - ideal for buy-to-let investors, or those looking for a property with additional space for parents or adult children. The flats have an excellent history of rental value and capital growth, and can expect to achieve a combined minimum of £1,200 a month. They can also be sold with 999 year leaseholds, rather than the freehold, if required for mortgage buyers, and there is also a significant discount on offer for 4-week completion.

Both flats are in good condition, with the upstairs maisonette having recently been refurbished. This includes new flooring throughout, as well as a new kitchen. The properties also benefit from a shared rear garden, as well as a large brick-built workshop, which comes with architect drawings for conversion into a two-bedroom house (STPP).

THE LOCATION: Rushden is a large market town in Northamptonshire, and has become a popular choice for workers from London who would prefer to live somewhere busier than the average commuter town. Recent additions include Rushden Lakes, a 380,000 sq ft shopping destination with waterfront restaurants, a cinema, and leisure activities like rock climbing and kayaking, and Stanwick Lakes, a 50 acre nature reserve.

Rushden sits within the stunning Nene Valley, and is centrally located for road, rail and air links. By road, the A45 connects Rushden to Cambridge (44 miles) and the East coast, and the neighbouring towns of Wellingborough, Northampton, and the M1 motorway (South) to the west. The A14, the M1/M6 (North) and A1 are also within easy reach.

Nearest train station:
Wellingborough (3.7 mi) - 58 mins to central London.


Contact the Landlord / Seller about this property



Gross yield calculator

£
£
=
5.43%

Stamp duty calculator

£
 3%  Up to to £250,0007,500  5%  £250,001 to £925,00011,200  8%  £925,001 to £1.5 million0 15%  Over £1.5 million0
=
£18,700

Nearest stations

Wellingborough 3.7 milesKettering 9.2 milesBedford 11.7 milesBedford St Johns 12.3 milesNorthampton 13.8 milesDistances are straight line measurements