1 bed flat for sale

22 Cherry Close, Northampton, Northamptonshire NN3

For sale by auction on Wednesday, 24 Sep 2025 at 11:00

Venue: Livestream

This well-presented one-bedroom apartment, set on the third floor, represents an excellent investment opportunity.

The interior is arranged with an entrance hall, a fitted kitchen, a modern bathroom, a spacious lounge/diner and a comfortable bedroom with the benefit of a large storage room. Currently let on an Assured Shorthold Tenancy, the property generates £700 per calendar month, providing an appealing yield of 9.3%. The tenant has been served a Section 21 notice, though they are also happy to remain in residence, giving flexibility to the new owner.

Accommodation
Communal entrance hall, private entrance hall, kitchen, lounge/diner, bedroom one, bathroom and storeroom.

EPC Rating: C

Additional Fees
Buyers Premium: The purchaser will be required to pay a buyers premium charge of £1,320 (£1,100 plus VAT).

Administration Charge - The purchaser will be required to pay an administration charge of £900 (£750 plus VAT).

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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 Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.