£169,000
2 bed flat for saleThe Approach, Northampton, Northamptonshire NN5
2 beds
1 bath
1 reception
EPC Rating: C
About this property
Investment Opportunity
Safety Certs All In Place
Already Tenanted
£11,700 Annual Income
Potential 9.5% Yield
£900pa Service Charge
£1 Peppercorn Ground Rent
Great Location
Excellent Block Management
Lateral living
Step free access
Currently achieving an annual rental income of £11,700, and with modest outgoings including a £900 per annum service charge and a peppercorn ground rent of just £1, this property provides an impressive gross yield of approximately 9.5%. With the tenant already in situ and all compliance certificates in place, this is a hassle-free investment from day one.
Situated within the sought-after Life Building development, the property benefits from superb on-site management and beautifully maintained communal areas. The development’s standout feature-the iconic former Express Lift Tower, now a local landmark-hosts regular charity events such as abseiling, contributing to the building’s strong community appeal and continued tenant demand.
The ground-floor apartment comes with allocated parking and is presented in excellent condition throughout. It features neutral décor, well-maintained carpeting, and a modern fitted kitchen complete with appliances. The spacious living area easily accommodates both lounge and dining furniture, while the two generous double bedrooms include built-in wardrobes for added convenience. The contemporary bathroom offers a shower-over-bath setup, perfect for modern living.
All essential safety certificates are already in place, including the EPC, eicr, and Gas Safety Certificate, ensuring full compliance and peace of mind for any investor.
This property represents an exceptional opportunity to acquire a well-managed, income-generating asset in a highly regarded development with excellent ongoing rental potential.
Don’t miss out on this ready-made investment-contact Chelton Brown today to arrange your viewing.
Mortgage calculator
£845 per month
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More information
Tenure
Leasehold (974 years)
Service charge
£900 per year
Council tax band
C
Ground rent
£1
Ground rent date of next review



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