Flat for sale in Farnborough Drive, Middlemore, Daventry, Northants NN11

*** sold subject to contract *** similar properties required *** no sale no fee agent *** free market valuations and report *** high street estate agent *** contact graham davidson to discuss your property ***

*** 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

Shaped hallway offering access to all rooms. Storage cupboard and airing cupboard also located off the

Lounge/Diner (3.84m x 4.55m)

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 (2.84m x 2m)

Modern kitchen with gas hob, electric oven and room for appliances.

Bedroom 1 (3.4m x 3.58m)

Good sized master bedroom, neutrally decorated throughout with a window to the front elevation, built in
storage cupboard/wardrobe.

Bedroom 2 (1.9m x 3.58m)

Second bedroom with ample space for a double bed. Window to the front elevation and in good decorative

Bathroom (2.16m x 1.96m)

Fitted with a three piece bathroom suite comprising panel bath, pedestal wash basin, low level WC.

Allocated Parking

Allocated parking space behind a secure gated entrance.