* Leasehold
* Perfect hassle free investment property
* Already tenanted meaning rent from day one
* Rent of £750 per month and A settled tenant in place
* Attractive gross rental yield of 7. 20%
* Can be purchased using A buy to let mortgage
* Modern 2 bedroom apartment with allocated parking
* Located on the popular middlemore development
* Apartment is in A block of just six apartments
* Council tax band B and an EPC rating of C
* Leasehold property with 134 years remaining on the lease
*** perfect buy to let investment property *** long standing tenant in place
paying £750 pcm *** producing A very healthy 7. 20% gross yield return *** no
void period so rental income from day one *** modern purpose built 2 bedroom
apartment in A small block of just six apartments *** located on the popular
middlemore development ***
Are you a buy to let investor looking to increase your portfolio? Or maybe you
are new to buy to let investing and looking for your first investment
property? Either way, this two bedroom second floor apartment on the popular
Middlemore development on the edge of Daventry could be the perfect property.
The property is currently tenanted on a standard AST (assured shorthold
tenancy) meaning the new landlord will benefit from rental income from day one
with no void period to worry about. The tenant is also very settled in the
home.
The current rent means that this property returns a very healthy 7. 20% pa
gross yield return.
Built around 16 years ago, this two bedroom top floor apartment is set within
a small block of just six apartments, with allocated parking behind
electrically operated security gates.
The property briefly comprises; entrance hall, lounge with open plan kitchen
and Juliet balcony, two bedrooms and a family bathroom.
**Situation
**
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.
Lease term - 150 years from 1st January 2007 - 134 Remaining
Service Charge - £1730 p/a
Ground Rent - £125 p/a
This information should be verified by your legal representative prior to the
exchange of contracts.
We urge any investors to contact us to discuss this opportunity in more
detail.
**Front External**
Top Floor Flat on Farnborough Drive
**Hallway**
L Shaped hallway offering access to all rooms. Storage cupboard and airing
cupboard also located off the hallway.
**Lounge/Diner (3. 83m x 4. 54m (12'7" x 14'11"))**
Lounge/dining room leading to the kitchen. Being dual aspect the room is well
lit and offers ample space for a small table and chairs as well as a sofa.
Juliet style double doors to front aspect, window to side aspect.
**Kitchen Area (2. 85m x 2. 01m (9'4" x 6'7"))**
Modern kitchen with gas hob, electric oven and room for appliances.
**Bedroom 1 (3. 41m x 3. 58m (11'2" x 11'9"))**
Good sized master bedroom, neutrally decorated throughout with a window to the
front elevation, built in storage cupboard/wardrobe.
**Bedroom 2 (1. 91m x 3. 58m (6'3" x 11'9"))**
Second bedroom with ample space for a double bed. Window to the front
elevation and in good decorative order.
**Bathroom (2. 17m x 1. 95m (7'1" x 6'5"))**
Fitted with a three piece bathroom suite comprising panel bath, pedestal wash
basin, low level WC.
**Cupboard**
Storage
**Cupboard**
Storage
**Rear External**
Car Parking area
**Allocated Parking**
The property includes one allocated parking space secured behind remote
controlled gates to the rear of the property.
**Entrance Hallway**
Communal area

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