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Wimpole House, Snowshill Close, Daventry

Price £127,500

2 Bedroom Apartment

Ref: 724689_30334285
*** BUY TO LET INVESTMENT *** TENANT ALREADY IN PLACE AND SETTLED IN THE APARTMENT *** 6.24% GROSS RENTAL YIELD RETURN *** INCOME GENERATING FROM DAY ONE *** PURCHASE WITH AROUND £35,000 INITIAL INVESTMENT WITH THE BALANCE ON A BUY TO LET INTEREST ONLY MORTGAGE ***

*** TOP FLOOR APARTMENT *** TWO DOUBLE BEDROOMS *** ALLOCATED PARKING *** OPEN PLAN LIVING ROOM AND KITCHEN ***

This apartment is currently tenanted on a standard AST (Assured Shorthold Tenancy) until November 2021 at an agreed rent of £650 PCM. For that reason, the property is only available to property investors looking to acquire a BTL (Buy To Let) investment property. The current rent means that this property returns a very healthy 6.24% PA gross yield return which could be improved even further if purchased using a BTL mortgage of up to 75% of the purchase price.

This apartment is a purpose built two bedroom top floor apartment in a block of just six apartments with allocated parking and on the edge of the popular Middlemore development and adjacent to open countryside.

Using a BTL mortgage, an investor could purchase this great investment with around a £35,000 cash investment with the balance amount taken on an interest only mortgage. This is an excellent chance to easily acquire a hands off investment that is income generating from day one due to having an existing tenant who is already settled in the property.

The property in more detail comprises of an entrance hall, lounge with semi open plan kitchen, two bedrooms and a family bathroom.

The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.

The ground rent and service charge on this apartment total around £1,150 PA which is around 30% less than most other purpose built apartments in the Daventry Area Read more
2 BEDROOM TOP FLOOR APARTMENT WITH ALLOCATED PARKING PERFECT INVESTMENT PROPERTY
CURRENTLY TENANTED RETURNING A 6.24% GROSS ANNUAL YIELD RETURN CURRENTLY TENANTED AT £650 PCM UNTIL NOVEMBER 2021
GREAT HANDS OFF INVESTMENT OPPORTUNITY WITH INCOME FROM DAY ONE PURCHASE WITH AROUND £35,000 CASH AND A BUY TO LET MORTGAGE
LOW SERVICE CHARGE AND GROUND RENT LOCATED ON THE EDGE OF MIDDLEMORE ADJACENT TO OPEN COUNTRYSIDE
360 DEGREE VIRTUAL TOUR AVAILABLE TO VIEW CONTACT GRAHAM DAVIDSON FOR MORE INFORMATION ABOUT THIS GREAT INVESTMENT OPPORTUNITY
Sorry! There are no available floor plans for this property.

epc

Chelton Brown Daventry

Chelton Brown Daventry

59 High Street

Daventry

Northamptonshire

NN11 4BQ

United Kingdom

Tel: 01327 879431
E-Mail: admin@cheltonbrown.co.uk

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Daventry,
Northamptonshire,
NN11 4BQ
Telephone: 01327 879431

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