2 bed flat for sale

Wilce Avenue, Wellingborough NN8

Tenure: Leasehold

Buy to let investors only sorry-sold with tenants in situ


Current rent £845 pcm (Last increase 2024) potental rent £900 pcm

leasehold-76 Years remaining

We have been advised by the vendor, that the lease can be extended by 99 years, at a cost of approximately £15,000

This spacious two-bedroom flat is an excellent opportunity for buy-to-let investors, offered for sale with tenants in situ and a current rental income of £845 per calendar month, generating a gross yield of 9% per annum. Located on the second floor of a purpose-built development, the property enjoys a peaceful position adjacent to woodland and green spaces, providing a tranquil outlook while remaining conveniently close to local amenities and transport links. The flat features a spacious lounge and dining area with ample natural light, a separate modern kitchen with gas hob, a family bathroom, and a master bedroom complete with an ensuite shower room and built in wardrobes. The second bedroom is generously sized, making it ideal for any future sharers or small families. Additional benefits include an EPC rating of B (81), council tax band B, and an allocated parking space for one vehicle. The property is leasehold, with 76 years remaining on the lease and potential to extend, a ground rent of £100 per annum, and a service charge of £2,300 per annum.

This property is ideal for investors seeking a low-maintenance asset with strong rental appeal in a desirable and leafy location.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information..

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

EPC Rating: B

Location

6 Wilce Avenue, Wellingborough, NN8 2QL

Parking - Allocated Parking