FOR SALE BY AUCTION ON WEDNESDAY 18TH NOVEMBER 2020 AT 11AM - SALE VIA A LIVE STREAMED AUCTION - GUIDE PRICE: £225,000 TO £250,000
VIEWINGS - BY APPOINTMENT ONLY - SATURDAY 14TH NOVEMBER AT 11.00 - 12.00
A substantial bay fronted Victoria period townhouse arranged over three floors with basement and converted to provide three self contained studio apartments each let on Assured Shorthold Tenancies. The property was converted in the 1990's with Full Planning Permission and Building Regulation approval and has been upgraded by the present owner with re-fitted kitchens and shower rooms, new carpeting and redecoration. The property is currently let with a yield of £17,820 per annum with each flat responsible for payment of council tax and independently metered services. The property extends to a floor area of approximately 1,340 square feet broken down as ground floor flat 290 square feet, first floor 320 square feet, second floor 333 square feet plus basement and common areas. Externally there is a private fenced courtyard to the rear.
Reception Hall - 21'8 x 15'4 (6.60m x 4.67m) - Approached through a panelled front door to a porch leading in turn to the reception hall containing the staircase rising to the first floor with understairs access to the basement cellar and with a door leading to the rear courtyard garden.
Cellar - 16'3 x 14'1 (4.95m x 4.29m) - Containing the three individual electricity meters, one for each apartment together with the landlords meter.
Flat One - Ground Floor -
Entrance Hall - 4'10 x 3'5 (1.47m x 1.04m) - With doors leading to:-
Bed/Sitting Room - 14'3 x 12'0 (4.34m x 3.66m) - With a three casement double glazed bay window to the front elevation and with a Dimplex electric radiator.
Kitchen - 12'0 x 5'1 (3.66m x 1.55m) - Fitted with floor and wall cabinets with laminated working surfaces incorporating stainless steel sink unit with mixer tap over, there is a Flavel electric cooker with oven, grill and hob, plumbing for automatic washing machine and a PVCU window to the rear elevation.
Shower Room - 8'3 x 4'10 (2.51m x 1.47m) - Comprising a white suite of Triton TAT ceramic tiled shower cubicle with glazed door, pedestal wash basin and WC. There are ceramic tiled splash areas, vertical heated towel rail and PVCU window to the rear elevation.
Flat Two - First Floor -
Entrance Hall - 4'8 x 3'4 (1.42m x 1.02m) - With doors leading to:-
Bed/Sitting Room - 16'5 x 12'1 (5.00m x 3.68m) - A light and spacious room with a built in cupboard and three casement PVCU bay window to the front elevation and separate casement window, there is a fitted Dimplex radiator.
Kitchen - 12'0 x 5'4 (3.66m x 1.63m) - With floor and wall cabinets with laminated working surfaces and stainless steel sink unit together with plumbing for automatic washing machine. There is a Beko electric cooker with oven, grill and hob and a two casement PVCU window to the rear elevation.
Shower Room - 8'5 x 4'8 (2.57m x 1.42m) - With a white suite of ceramic tiled Triton TAT shower cubicle, pedestal wash basin and WC, together with Dimplex fan heater, ceramic tiled splash areas and window to rear elevation.
Landing - 8'11 x 5'10 (2.72m x 1.78m) - With window to rear elevation and door leading to:-
Flat Three - Second Floor -
Entrance Hall - 10'0 x 2'9 (3.05m x 0.84m) - With doors leading to:-
Bed/Sitting Room - 16'7 x 12'2 (5.05m x 3.71m) - Another light and spacious room with vaulted ceiling and two casement PVCU dormer window to front elevation, there is a Dimplex electric radiator.
Utility Landing - 5'0 x 2'9 (1.52m x 0.84m) - With plumbing for automatic washing machine and door to:-
Kitchen - 9'0 x 3'9 (2.74m x 1.14m) - Fitted with floor and wall cabinets with stainless steel sink unit and mixer tap over, there is a Zanussi electric cooker with oven, grill and hob and a Velux roof light to the rear elevation.
Shower Room - 8'8 x 6'4 (2.64m x 1.93m) - With a white suite of ceramic tiled shower cubicle with Triton power shower, bracket wash basin and WC. There is a two casement window to the rear elevation.
Courtyard - The paved courtyard provides external space for drying of clothes and is bounded by close boarded fencing.
Services - Main drainage, water and electricity are connected. Each property is separately metered for electricity and water supply and heating to each apartment is through Dimplex electric radiators. The property benefits from replacement PVCU double glazing throughout.
Schedules Of Rent - Flat One - Ground Floor - £6,000 per annum
Flat Two - First Floor - £6,000 per annum
Flat Three - Second Floor - £5,820 per annum
Total Gross - £17,820
Assured Shorthold Tenancies - Each property is let on an Assured Shorthold Tenancy and copies of the tenancy agreement are available for inspection with the legal pack.
Local Amenities - There are a number of shopping facilities including Supermarkets, Banks, a Bakery, and Post Office with further facilities located in Northampton town centre. A bus service runs from the Harlestone Road and Weedon Road to the town centre. Northampton's Castle Station provides a mainline service to London Euston and is situated within half a mile. Motorway access to the M1 is via the A4500 Weedon Road, west to Junction 16 and the A508 London Road south to Junction 15. Local schooling includes St James CEVA Primary School with upper schooling at The Duston School in Berrywood Road, Duston.
Council Tax - Flat One - Ground Floor - Band A
Flat Two - First Floor - Band A
Flat Three - Second Floor - Band A
Buyers Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT).
Price Information - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
How To Get There - From Northampton town centre proceed in a westerly direction past Castle Station over Westbridge into the Weedon Road. Continue past Church's Shoes and fork left continuing along the Weedon Road passing the entrance to Franklins Gardens. The property then stands on the right hand side opposite Beacon Bingo.
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