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Area statsGuide price
£400,00012 bedroom apartment for sale
Northgate, Sleaford NG34
Spotlight
Auction
Added yesterday
Apartment
12 beds
6 baths
Key information
Features and description
For sale by Online Auction - 29th ofApril 2026
TCPA are delighted to present this large block of flats in town location
Each flat has his own entry and are very large size with Victorian high ceilings
All flats are tenanted and providing guaranteed rent for day one
Some of the flats have long lasting tenants and loyal tenants and may benefit from increase in rent
Rare investment opportunity and can be improved should new owner opt to divide the titles, create leasehold title for each flat and create ground and service rent, the building benefit from a dry very large basement that can be converted to 2 flats
Flat1: 2 large bedroom, reception room, hallway, bathroom achieving £1,000
Flat 2: 3 bedroom shared accommodation 1 room tenanted achieving £435 with two empty so potential to achieve £1305
Flat 3: 2 bedroom large accommodation acheiving £290 with potential to increase to £570
Flat 4: large 3 bedroom achieving £530 with potential to increase to £950
Flat 5: 2 bedroom achieving £290 with potential to increase to £950
Potential yearly income of £57,300 with a huge poteial yield of 14%
The building is looked after and have a lot of historical feature like shutters , high ceiling, large accommodation and sash windows
Some of the flats need scheme of modernisation
TCPA are delighted to present this large block of flats in town location
Each flat has his own entry and are very large size with Victorian high ceilings
All flats are tenanted and providing guaranteed rent for day one
Some of the flats have long lasting tenants and loyal tenants and may benefit from increase in rent
Rare investment opportunity and can be improved should new owner opt to divide the titles, create leasehold title for each flat and create ground and service rent, the building benefit from a dry very large basement that can be converted to 2 flats
Flat1: 2 large bedroom, reception room, hallway, bathroom achieving £1,000
Flat 2: 3 bedroom shared accommodation 1 room tenanted achieving £435 with two empty so potential to achieve £1305
Flat 3: 2 bedroom large accommodation acheiving £290 with potential to increase to £570
Flat 4: large 3 bedroom achieving £530 with potential to increase to £950
Flat 5: 2 bedroom achieving £290 with potential to increase to £950
Potential yearly income of £57,300 with a huge poteial yield of 14%
The building is looked after and have a lot of historical feature like shutters , high ceiling, large accommodation and sash windows
Some of the flats need scheme of modernisation
Area statistics
Crime score
High crime
8/10
About this agent
Town & Country Property Auctions - East Midlands
Suite 9, 5th Floor, 83 Humber Gate,
Leicester,
LE1 1WB
0116 484 1584WELCOME TO TOWN & COUNTRY PROPERTY AUCTIONS Property auctions are becoming more and more popular throughout the UK and Ireland with buyers and sellers alike. If you are interested in either buying or selling through auction then Town & Country Property Auctions can help. We act on behalf of solicitors, banks, building societies, local authorities, housing associations, private owners and many other institutions so we can truly offer you independent and professional advice no matter what your circumstance.