1 bed flat for sale

Morning Star Road, Daventry NN11

*** attention all buy to let property investors *** Buy to let investment opportunity *** Already tenanted at £700 pcm *** Income from day one *** Very healthy gross rental yield return of 8% pa *** Popular block for people looking to rent *** a perfect hands free investment opportunity ***

*** property investors only *** One bedroom purpose built ground floor apartment which is a perfect buy to let opportunity as it is already tenanted at a monthly rent of £700 per month creating a very healthy 8% gross rental yield return and a rental income from day one. This is a perfect hands free investment that is currently managed on an ongoing basis by Chelton Brown lettings department and is located in a very popular rental block that is a short walk from daventry town centre and close to many of the towns employment areas.

This one bedroom ground floor apartment comes with allocated parking and includes an entrance hall, lounge with open plan kitchen, double bedroom, and a full bathroom with a new thermostatic shower over the bath.

Apartments in this development are always in high rental demand so this property is likely to create a steady rental income for many years to come and also the potential for future capital growth.

Entrance Hall 17'8" x 3'8" (5.38m x 1.12m)
Long entrance hall with doors leading to all main rooms plus a storage cupboard

Lounge 11'3" x 10'9" (3.43m x 3.28m)
Good size lounge which is open plan to the kitchen.

Kitchen 7'5" x 8'2" (2.26m x 2.5m)
Open plan to the lounge and with a range of fitted base and eye level cupboards. Includes oven, hob and extractor hood plus built in washing machine and a brand new free standing fridge freezer

Bedroom 11'9" x 9'4" (3.58m x 2.84m)
Fitted Wardrobes

Bathroom 8'1" x 5' (2.46m x 1.52m)
White three piece bathroom suite with new thermostatic shower over the bath. Extensively tiled to wet areas and a newly fitted mirrored bathroom cabinet.

Allocated Parking
The apartment includes one allocated parking space.

Current rental income from a settled long standing tenant is £700pcm and the property is let on a standard shorthold tenancy agreement.

Current Ground Rent £135 pa
Current Service Charge in the region of £1,800 pa

For more information about this property, or about investing in buy to let investment property, please contact graham davidson at Chelton Brown daventry office.

Daventry is a small market town in western Northamptonshire, close to the border with Warwickshire. There is a twice weekly market along the High Street on a Tuesday and Friday, several independent shops, cafes, and coffee shops along with major retailers. Leisure facilities include the Leisure Centre, Daventry Country Park, and a recently built multi-screen arc cinema.

This lovely market town is also a convenient location for commuting, being close to all major road networks including the A45, A361 and the A5. Motorway connections include the M1 and M40 both of which are approximately 20 minutes away. The nearest railway station is at Long Buckby which is about 10 minutes away and offers direct routes to Birmingham, Northampton, and London Euston, in less than one hour!