1 bed Flat For Sale £75,000
Fantastic ready-made buy-to-let investment yielding 5.73% net in the popular and up-and-coming town of Rushden in East Northamptonshire. The first-floor apartment is well kept throughout and contains an open plan lounge, fully fitted kitchen, and double bedroom with built-in mirrored wardrobes and electric shower over bath. The property also benefits from electric heating and allocated parking.
Spencer Court is ideally situated in a central part of Rushden and has a wide range of amenities and the town centre within walking distance. Rushden boasts local areas of natural beauty such as Nene Wetlands and Nene Valley, offering stunning scenery, views, wildlife and plenty of opportunity for exploring the great outdoors. The major shopping and leisure complex of Rushden Lakes is just 1.5 miles away and is home to 46 shops, 19 restaurants and 6 leisure facilities all set by a picturesque lake which is perfect for days out and has boosted tourism and employment opportunities in the area.
The town benefits from fantastic road links with the nearby towns of Northampton, Bedford and Kettering all being reachable in less than 30 minutes. Wellingborough train station is just 10 minutes away from the property, providing services to London St Pancras in just 46 minutes, which is excellent for commuting. Four international airports are too within less than an hour's drive from Rushden.
The rise in popularity of the town is demonstrated in the house price growth over the recent few years, with sold prices over the last year increasing by 6% which makes a very impressive 23% increase since 2018. Now is the perfect opportunity to invest whilst prices are still attractive so don't miss out and enquire today!
Financial Breakdown
Gross rent: £5,400
Ground rent: £100
Service charge: £900
Lettings fees: £100
Net income: £4,300
Gross yield: 7.2%
Net yield: 5.73%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06899
Spencer Court is ideally situated in a central part of Rushden and has a wide range of amenities and the town centre within walking distance. Rushden boasts local areas of natural beauty such as Nene Wetlands and Nene Valley, offering stunning scenery, views, wildlife and plenty of opportunity for exploring the great outdoors. The major shopping and leisure complex of Rushden Lakes is just 1.5 miles away and is home to 46 shops, 19 restaurants and 6 leisure facilities all set by a picturesque lake which is perfect for days out and has boosted tourism and employment opportunities in the area.
The town benefits from fantastic road links with the nearby towns of Northampton, Bedford and Kettering all being reachable in less than 30 minutes. Wellingborough train station is just 10 minutes away from the property, providing services to London St Pancras in just 46 minutes, which is excellent for commuting. Four international airports are too within less than an hour's drive from Rushden.
The rise in popularity of the town is demonstrated in the house price growth over the recent few years, with sold prices over the last year increasing by 6% which makes a very impressive 23% increase since 2018. Now is the perfect opportunity to invest whilst prices are still attractive so don't miss out and enquire today!
Financial Breakdown
Gross rent: £5,400
Ground rent: £100
Service charge: £900
Lettings fees: £100
Net income: £4,300
Gross yield: 7.2%
Net yield: 5.73%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06899
